Hospitality Property / For Sale

Hospitality for Sale
Catylist Listing ID: 30859681
Property Subtypes: Bed & Breakfast, Extended Stay, Inn, Vacation Rental(s), Other
Number of Units: 1 Units
Building Size (RSF): 4,200 SF
Gross Building Area: See Agent
Gross Land Area: 11 Acres
Sale Price: $2,500,000
Unit Price: $2,500,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/21/2023

Overview / Comments

This beautiful 4,200± SF estate on 11± acres is a unique and luxurious retreat, perfectly combining historical elegance with modern convenience. With a rich history and a host of amenities for both living and entertaining,
it is undoubtedly a must-see for anyone looking for a dream property for events. Antique Country Estate is nestled in Western Maine on 11 acres and was built circa 1839 with major renovations to every inch of the home totaling $1.5 million, with the exception of the wide pine floors which are original. The basement is all new with two cedar closets, central heating and air. It has top of the line Sub Zero appliances including 3 refrigerators, a 200 bottle wine refrigerator, 2 dishwashers, 2 ovens, 2 stoves (1 with an innovative venting system), granite countertops and a corner dining area with fabulous mountain views. The barn was about to collapse and a complete new structure had to be built to encase it and an insulated support system was created. Under the barn they reconstructed the floor system, installed a separate heating & air system to make a 1,000 SF utility storage room. A custom massive fireplace was built and then experts were hired to restore the original interior of the barn which is now the Great Room. While working on the barn a 1926 Ford Tractor was found, which is now a planter on the property. The property has a wonderful vegetable garden spot, is well landscaped and perfect for any event.

Additional Details

Nearest MSA: Lewiston-Auburn
County: Oxford
Tax ID/APN: Map R08, Lot 020
Zoning: N/A
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Largest Nearby Street: Bell Hill Road
Feet of Frontage: 400
Site Description: Antique Country Estate is nestled in Western Maine on 11 acres and was built circa 1839 with major renovations to every inch of the home totaling $1.5 million, with the exception of the wide pine floors which are original. The basement is all new with two cedar closets, central heating and air. It has top of the line Sub Zero appliances including 3 refrigerators, a 200-bottle wine refrigerator, 2 dishwashers, 2 ovens, 2 stoves (1 with an innovative venting system), granite countertops and a corner dining area with fabulous mountain views. The barn was about to collapse, and a completely new structure had to be built to encase it, and an insulated support system was created. Under the barn they reconstructed the floor system, installed a separate heating & air system to make a 1,000 SF utility storage room. A custom massive fireplace was built and then experts were hired to restore the original interior of the barn which is now the Great Room.
Area Description: Otisfield is a town located in Oxford County, Maine. One of the finest qualities of Otisfield is the numerous scenic views contributing to the visual character of Otisfield. There are many hills, blueberry fields and valleys offering views of fall foliage, the White Mountains, and the Oxford Hills. Otisfield’s lakes and rivers rank amongst the cleanest in the state of Maine.
Nearby Attractions: Located on Bell Hill Road are the Bell Hill Town Hall, the Bell Hill Meeting House and the Bell Hill one room schoolhouse, all of which are listed on the National Historic Register. Also listed on the Register is the Ryefield Bridge, the last remaining suspension bridge of its style in the State of Maine. The bridge spans the Otisfield/Harrison border over the Crooked River. State route 121 is the main artery running through Otisfield as it carries travelers from Raymond and Casco through Otisfield and on into Oxford and eventually Auburn and Lewiston. Scenic vistas of the surrounding hills and water bodies can be enjoyed from the top of Bell Hill and Peaco Hill. Otisfield is home to several beautiful bodies of water – Thomspon Lake, Pleasant Lake, and Saturday Pond. Clean and clear through and through, these three lakes and ponds are among the most popular in the area.
Year Built: 1839
Construction/Siding: Wood Frame
Parking Type: Structure, Surface
Parking Description: Driveway and 2-car Garage
Heat Type: Natural Gas, Propane
Heat Source: Central, Other
Air Conditioning: Other
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,332 7,126
Median Age: 43.69 44.5
Households: 527 2,912
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