Coastal Hospitality Opportunity

Hospitality for Sale
Catylist Listing ID: 30864187
Property Subtypes: Extended Stay, Hotel, Inn, Motel
Number of Units: 21 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 4.48 Acres
Sale Price: $1,799,000
Unit Price: $85,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/25/2024

Overview / Comments

20 unit Motel with with additional 3 bedroom house

An unparalleled investment opportunity awaits
discerning investors at 337 Commercial Street,
Rockport, ME 04856 – the prestigious Schooner
Bay Motor Inn. Positioned in the heart of Rockport,
Maine this property epitomizes coastal elegance
and presents a strategic investment in Maine's
flourishing tourism industry.

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $13,412 (Annual)

Additional Details

Nearest MSA: Bangor
County: Knox
Tax ID/APN: 020-107
Zoning: V

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,539 14,120
Median Age: 51.99 48.41
Households: 2,624 6,573

Contact

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