888 Middle Street Inn

Hospitality for Sale
Catylist Listing ID: 30830015
Property Subtypes: Bed & Breakfast, Inn
Number of Units: 5 Units
Building Size (RSF): 4,598 SF
Gross Building Area: See Agent
Gross Land Area: 0.44 Acres
Sale Price: $1,575,000
Unit Price: $315,000 Per Unit
Ceiling: 9 ft.
Property Use Type: Investment, Business
Building Name: 888 Middle Street Inn
Name of Establishment: 888 Middle Street Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/13/2023

Overview / Comments

This 1843 Greek Revival with carriage house is a testament of how architecture combines beauty and utility! Meticulously transformed into an updated Bed and Breakfast with four well-appointed bedrooms with private baths, stunning common rooms with a blend of old and new making a comfortable environment for all, a custom Kennebec kitchen, and large outdoor porch for al-fresco dining and relaxation. The Inn is being sold fully furnished and with benefits such as fully sprinkled, multi zone heat & air conditioning, laundry room, and backup generator, making this truly a turnkey operation and investment. There is ample parking on-site and the grounds are meticulously landscaped with many flowering trees and plants.

Licensed as a 5 Room Inn currently operating as 4-room inn, the property has a variety of options to easily expand the number.

Included is a first-floor owner's apartment with separate entrance offering 2 bedrooms, 2 baths, living room, dining room and kitchen allowing for privacy and convenience. This owner’s apartment is in an ell of the building; there is an unfinished loft above the space which could be finished for additional use.

Situated in the historic waterfront city of Bath with Maine Maritime Museum, shopping, beaches and an active year-round community at your doorstep, it is just 34 miles to Portland, Maine’s largest city. Come experience the simplicity, grace and detail that make this truly one-of-a-kind.

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Taxing Authority: City of Bath, Maine
Tax ID/APN: 23020_26-102-000
Zoning: R1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Highway Access: Short distance from Route 1.
Airports: Portland International is 35 miles south.
Site Description: Beautifully landscaped property which sits back from the street; ample on-site parking and lovely porch and patio for outdoor dining or relaxation.
Area Description: Located Mid-coast in Bath’s Historic District, the bed and breakfast is just a short 5-minute walk to the waterfront, shops, restaurants, the Chocolate Church Arts Center, and only a block from Bath’s Library Park.
Nearby Attractions: Bath is a seaside town famous for it's shipbuilding history.
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 1843
Year Renovated: 2019
Roof Type: Gable
Construction/Siding: Wood Frame
Water Recreation: Other
Exterior Description: Beautifully maintained classic historic building with clapboard siding, shutters. large porch and deck. Carriage house serves as a garage and has lots of storage space on the second level.
Total Parking Spaces: 10
Parking Type: Structure, Surface
Parking Description: On-site parking in well-maintained driveway
Sprinklers: Wet
Heat Type: Propane, Oil, Hot Water
Heat Source: Baseboard, Central, Wall Units, Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Beautifully restored throughout with updated features guests have come to expect in an upscale B&B.
Zoning Description: R1 Use: General Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 26/ 102/ 000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,489 9,695 19,121
Median Age: 38.55 41.5 43.38
Households: 2,057 4,446 8,371
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