Full Service Hotel & Conference Center

Hospitality for Sale
Catylist Listing ID: 30458724
Property Subtypes: Convention Center, Hotel
Building Status: Proposed
Number of Units: 110 Units
Building Size (RSF): 105,000 SF
Gross Building Area: See Agent
Sale Price: $2,100,000
Unit Price: $19,090.91 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/15/2019

Overview / Comments

The 105,000 +/- SF interior corridor Inn and Convention Center with on-site restaurant, lounge, sports bar, and fitness center, sits on 5+/- acres and is conveniently located on US Route 1. The property allows for easy access to the ITS83A snowmobile trail, UMaine at Presque Isle, (within 500 feet), downtown Presque Isle (1/2 mile), and Presque Isle International Airport (5 minutes).

This property has great investment potential with multiple income generating opportunities and room for further expansion.

* 110 Guest Rooms and Extended Stay Suites
* 100-Seat Fully Equipped Restaurant
* Spacious Sports Bar with 10 High Definition TV’s, 10’ Projection Screen, Steel & Electronic Darts, 2 Pool Tables & Cornhole.
* 35+ Seat Intimate /Casual Lounge
* Well equipped fitness center with weight room, aerobic room, and locker rooms available to hotel guests and local members.
* Indoor Heated Pool, Hot Tub and Dry Sauna
* Large meeting and/or event space with 1,000+ capacity & separate full-service kitchen.
* In-house laundry room.
* 5+ acres with ample on-site parking.
* 10,000 s.f. of additional space for 3rd floor expansion.

Additional Details

Nearest MSA: Augusta-Waterville
County: Aroostook
Tax ID/APN: 010-127-116
Zoning: BUSINESS
Property Visibility: Good
Largest Nearby Street: Route 1
Airports: Presque Isle International Airport
Total Number of Buildings: 1
Number of Stories: 3
Water Recreation: Indoor Pool, Hot Tub, Sauna

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,740 7,293 10,564
Median Age: 51.69 39.18 40.64
Households: 915 3,166 4,569

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