Turnkey Motel/Inn Opportunity For Sale

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30789743
Property Subtypes: Bed & Breakfast, Chalet, Inn, Motel, Vacation Rental(s)
Status: Pending/Contingent
Number of Units: 15 Units
Building Size (RSF): 6,554 SF
Gross Building Area: See Agent
Gross Land Area: 0.81 Acres
Sale Price: $1,300,000
Unit Price: $86,666.67 Per Unit
Property Use Type: Vacant/Owner-User
Building Name: The Beach Rose Inn
Name of Establishment: The Beach Rose Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/28/2022

Overview / Comments

This is a wonderful opportunity to take on a fully operating 15 Suites Motel/Inn on the main route through Wells, Maine, and with ample parking on-site. Situated on Route 1 and only a mile from Wells Beach, and close to all restaurants, fast food, and shopping. At least one suite can be utilized for owners quarters if required. You will inherit a solid customer base and a fully operational business ready to go for the Spring Season. There is an indoor swimming pool that is not fully utilized right now but can be an added attraction for guests.
This turnkey opportunity provides that each room has a flat screen HDTV with cable, wireless internet, an in-room refrigerator, a private bathroom and individual climate controls. With welcoming atmosphere and comfortable setting, this is a great opportunity for new owners to get in for the new Season.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Town of Wells
Tax ID/APN: 0121-020-0
Zoning: GENERAL BUSINESS
Retail Clientele: General, Family, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Directly on Route 1
Feet of Frontage: 200
Traffic/Vehicle Count: 14,000
Highway Access: US Route 1 to I-95
Site Description: Sloping site to lower rear level.
Area Description: Summer in Wells is about beaches, shopping and nature walks. At the Rachel Carson National Wildlife Refuge, you can hike along the one-mile Carson Trail, which meanders through pine woods and offers views of tidal salt marshes. At Wells Reserve at Laudholm Farm, you can walk along seven miles of trails past woodlands, fields, wetlands, beaches and dunes. Cross-country skiing and snowshoeing are popular winter activities. Shopping in the nearby Kittery Outlets is always a treat with dozens of outlets from high-end to favorite bargains. This area, especially along Route 1, is also a haven for those hunting for antiques.
Nearby Attractions: Wells Beach, Moody Beach, Crescent Beach and Drake’s Island Beach - Wells, Maine, is a beachgoer’s dream. Kittery Outlets.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1900
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Shingle
Water Recreation: Indoor Pool
Parking Type: Surface
Laundry: Laundromat Nearby
Air Conditioning: Air Curtain
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,279 4,237 11,997
Median Age: 53.57 54.5 51.03
Households: 1,078 1,985 5,317

Contact

Photograph of Listing Agent

Gerry O'Connell

KW Commercial
NECPE Member
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