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
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

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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


Photograph of Listing Agent

Bob Marchewka

Compass NECPE Member
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