Mill Pond
Hospitality
for Sale
| Catylist Listing ID: |
30866658 |
| Property Subtypes: |
Bed & Breakfast, Vacation Rental(s)
|
| Number of Units: |
1 Units |
| Building Size (RSF): |
4,050 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.03 Acres
|
| Sale Price: |
$1,710,000 |
| Unit Price: |
$1,710,000 Per Unit |
| Ceiling: |
9 ft. |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
Mill Pond |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/19/2024 |
Overview / Comments
In the desirable village of Cape Porpoise, this five-bedroom, four-bath property is a perfect candidate for a bed & breakfast inn. The two front rooms are ideal for serving a breakfast in one and reading or greeting guests in the other. The private patio off the kitchen and wrap-around covered porch offer fresh air enjoyment. The separate cottage has many potential uses: a writing or art studio, office, or an additional bedroom.
The expansion of the primary bedroom suite opens onto a deck to view the picturesque marsh. A large entertainment room is one level below, and adjoins a sauna/bathroom suite. Seven heat pump units offer efficient air conditioning and heating, supplemented by forced hot water heat and three fireplaces, two of which are propane. All new: roof, two-car garage, windows, siding and insulation make this a turnkey investment for a vacation rental or a year-round residence. The down-to-studs renovation is nearly complete and the buyer still has time to select some finishes and appliances. Occupancy is expected by March 1st, so the window for making choices is closing soon. Take advantage of this rare opportunity to own in Cape Porpoise!
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Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
31120_23-6-31 |
| Zoning: |
FREE ENTERPRISE (FE) |
| Retail Clientele: |
Traveler, Recreation |
| Property Located Between: |
Cape Porpoise |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Mills Rd |
| Feet of Frontage: |
240 |
| Site Description: |
rolling terrain, faces marsh |
| Area Description: |
Picturesque coastal community comprised mostly of residential homes and restaurants. |
| Nearby Attractions: |
Lost Fire Restaurant, touted as the best in York County is across the street from the property. Other acclaimed restaurants nearby. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
3 |
| Property Condition: |
Excellent |
| Year Built: |
1920 |
| Year Renovated: |
2024 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Water Recreation: |
Sauna |
| Exterior Description: |
Farm house |
| Total Parking Spaces: |
10 |
| Parking Type: |
Surface |
| Parking Description: |
Two garage spaces, and up to eight spaces in driveway. |
| Sprinklers: |
None |
| Laundry: |
Shared |
| Heat Type: |
Propane, Oil |
| Heat Source: |
Baseboard, Heat Pump |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Interior Description: |
Wood floors throughout, Quarts counters, tiled bathrooms |
| Zoning Description: |
Free Enterprise zone |
| Lot Frontage: |
240 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
549 |
5,765 |
10,444 |
| Median Age: |
59.32 |
51.55 |
45.29 |
| Households: |
280 |
2,565 |
4,193 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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