Retail and Hotel Facility For Sale - Downtown Ogunquit Maine
Hospitality
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30775335 |
| Property Subtypes: |
Bed & Breakfast, Extended Stay, Hotel, Inn, Motel, Resort, Vacation Rental(s)
|
| Status: |
Pending/Contingent |
| Number of Units: |
28 Units |
| Building Size (RSF): |
15,000 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.75 Acres
|
| Sale Price: |
$4,500,000 |
| Unit Price: |
$160,714.29 Per Unit |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
The Betty Doon Motor Hotel |
| Name of Establishment: |
The Betty Doon Motor Hotel |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/11/2023 |
Overview / Comments
The Betty Doon Motor Hotel is a mixed use retail and 25-unit hotel facility in the center of Ogunquit Maine with easy pedestrian access to one of finest beaches in New England Prime for redevelopment, a boutique hotel or continue as is.
There are 3 commercial units along Beach Street that provide additional income and The Betty Doon is still in operation, A buyer could continue operations while planning and/or making upgrades to the site and structure or perhaps constructing another building on site. The 0.75 acre lot offers many possibilities for redevelopment.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
00707200A |
| Zoning: |
DOWNTOWN BUSINESS |
| Retail Clientele: |
General, Family, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Main Street |
| Feet of Frontage: |
85 |
| Highway Access: |
I-95 to Rt 1 |
| Site Description: |
Mostly level, cleared site in the middle of Downtown Ogunquit |
| Area Description: |
Year-round and seasonal businesses; restaurants, motels, entertainment, housing |
| Nearby Attractions: |
The Atlantic Ocean. 1/4 mile |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Property Condition: |
Fair |
| Year Built: |
1940 |
| Year Renovated: |
2017 |
| Construction/Siding: |
Wood Siding |
| Total Parking Spaces: |
51 |
| Parking Type: |
Surface |
| Parking Description: |
Large, open , paved parking lot |
| Sprinklers: |
Wet |
| Heat Type: |
Oil |
| Heat Source: |
Central |
| Internet Access: |
Cable |
| Lot Frontage: |
85 |
| Lot Depth: |
225 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
892 |
2,626 |
9,394 |
| Median Age: |
61.53 |
57.01 |
50.82 |
| Households: |
498 |
1,313 |
4,232 |
|
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