2 Kingfield Ave

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30659519
Property Subtypes: Motel
Status: Pending
Number of Units: 24 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $2,690,000
Unit Price: $112,083.33 Per Unit
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/14/2021

Overview / Comments

Easy to manage and centrally located in the premier resort community of Ogunquit, Maine, this well maintained lodging establishment offers affordable and comfortable accommodations in a peaceful and serene setting. A large heated pool and patio is the centerpiece of the property and offers guests a great place to socialize and to enjoy a swim after site seeing or a day at the beach. The onsite owner/manager's comfortable three bedroom apartment is situated above the motel office and makes it easy to oversee the property and manage the front desk.

Nearby to everything Ogunquit has to offer including famous beaches, Perkins Cove and the Marginal Way, along with its desirable shops and restaurants downtown, Stage Run by the Sea is an ideal small property with 24 sizable units with a very favorable performance record. The property offers an exceptional innkeeping lifestyle and the business has additional upside potential. This is an ideal opportunity for a buyer seeking a solid investment opportunity in Southern Maine's foremost tourist area.

· Property has 24-keys offering comfortable guest room accommodations. Guests can choose between one king size bed, two queen size beds, or two full size beds.

· The Office/Residence building includes front office area, three bedrooms, two baths, plus large living room, kitchen, and dining area with second story deck.

· Room amenities include free wireless internet, charging stations, refrigerator, microwaves, individual climate control, and flat-screen TV.

· Property includes a large in-ground heated pool, sun deck, and ample on-site guest parking.

For more information, call Roger Daigle at 207-650-6611.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 8-17
Zoning: GBD2
Retail Clientele: Business, Traveler, Tourist
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 892 6,200 7,510
Median Age: 61.53 51.58 51.5
Households: 498 2,852 3,449


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