Maine Inn & Convention Center

Hospitality for Sale
Catylist Listing ID: 30451246
Property Subtypes: Extended Stay, Hotel
Number of Units: 72 Units
Building Size (RSF): 65,000 SF
Gross Building Area: See Agent
Gross Land Area: 7 Acres
Sale Price: $3,190,000
Unit Price: $44,305.56 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/17/2020

Overview / Comments

The newly renovated 65,000 +/- SF Inn and Convention Center with on-site restaurant, lounge and fitness center, sits on 7 acres and is situated on the corner of Main Street and U.S. Route 1. The property’s location allows easy access to ITS83A snowmobile trail, miles of hiking trails, the center of Caribou (3 miles), downtown Presque Isle (9.2 mi), and is just 15 minutes from the Presque Isle International Airport.

This expansive property consists of 3 atrium levels. The first floor houses the lobby, 60-seat restaurant, 40-seat lounge, courtyard with heated pool & hot tub, guest rooms, two (2) extended stay suites, and four (4) banquet rooms. The second floor is comprised of guest rooms and two (2) extended stay suites. The lower level includes a nicely equipped fitness center, locker rooms , and dry sauna. In-house laundry facility with commercial equipment.

* 60-Seat Fully Equipped Restaurant
* Spacious lounge /bar area with 3 High Definition TV’s, Pool Table & Juke box
* Well equipped health and wellness center with weight room, aerobic room,
cardio room and locker rooms
* Indoor Heated Pool, Hot Tub and Dry Sauna
* Owner’s Suite
* Large meeting and/or event space with 1,000+ capacity.
* Guest laundry and vending area.
* 7 acres of well landscaped property with ample on-site parking.

Additional Details

Nearest MSA: Bangor
County: Aroostook
Tax ID/APN: 005-004-F
Zoning: RESIDENTIAL/COMMERCIAL
Property Visibility: Excellent
Largest Nearby Street: Route 1
Airports: Presque Isle International Airport
Nearby Attractions: Aroostook Valley Trail, ITS83A Snowmobile Trail, Nylander Museum of Natural History, Caribou Historical Society
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1989
Year Renovated: 2016
Water Recreation: Indoor Pool, Hot Tub, Sauna
Parking Type: Surface
Laundry: Shared
Water Service: Well
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,426 6,771
Median Age: 42.12 44
Households: 1,505 2,998

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