Maine Interstate Motel

Hospitality for Sale
Catylist Listing ID: 30586876
Property Subtypes: Hotel, Motel
Number of Units: 50 Units
Building Size (RSF): 28,152 SF
Gross Building Area: See Agent
Gross Land Area: 4 Acres
Sale Price: $3,799,000
Unit Price: $75,980 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Name of Establishment: Ivey's Motor Lodge
Sale Terms: Cash to Seller
Last Updated: 8/7/2022

Overview / Comments

Ivey's Motor Lodge, offering 50 spacious and newly designed, interior corridor guest rooms and suites, is a consistently strong performer located at the intersection of I-95 (Exit 302) and U.S. Route 1. Additional amenities include an on-site pub/tavern (O'Kelly's Irish Pub), guest laundry room, electric vehicle chargers, and a manager's quarters.

As the closest lodging facility to the US/Canada port of entry along I-95, the GSA approved and well-maintained 4 acre property offers convenient access to the best of everything that Northern Maine and Western New Brunswick have to offer. The location is right off the Interstate Trail System (ITS) 83 with plenty of truck and trailer parking.

Additional Details

Nearest MSA: Bangor
County: Aroostook
Tax ID/APN: 028-0-018-000
Zoning: B-2 HIGHWAY BUSINESS
Retail Clientele: Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Airports: Houlton International Airport
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1985
Roof Type: Gable
Construction/Siding: Brick, Stone
Total Parking Spaces: 100
Parking Type: Surface
Parking Description: 100 +/- spaces with truck and trailer parking available.
Sprinklers: Dry
Laundry: Shared
Heat Source: Wall Units
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,123 6,123
Median Age: 42.88 42.88
Households: 2,556 2,556

Contact

Photograph of Listing Agent

Nicholas Farrell

Farrell & Doak - Keller Williams Realty
NECPE Member
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