21 Room Seasonal Motel

Hospitality for Sale
Catylist Listing ID: 30843037
Property Subtypes: Motel
Number of Units: 20 Units
Building Size (RSF): 18,587 SF
Gross Building Area: See Agent
Gross Land Area: 3.50 Acres
Sale Price: $2,400,000
Unit Price: $120,000 Per Unit
Property Use Type: Investment, Business
Building Name: Bailey Island View Motel
Name of Establishment: Bailey Island View Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2023

Overview / Comments

Iconic Bailey Island View motel on 3.5 acres has been transformed into a fresh, hip, colorful, fun destination just minutes from the world famous Cribstone Bridge and all things Maine. 19 refurbished units, 20 x 40 fresh water pool, and an eye catching store with the perfect hostess gifts and wedding presents. The outdoor kitchen area with grills, umbrella tables and generous seating is perfect for family reunions and preparing lobster fresh off the boats. Private 2 bed, 2 bath owners/managers quarters. Ask to see the extensive quality renovation list. Work 6 months a year and take the rest of the year off. The numbers really work today with excellent upside growth potential going forward

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: HARP-000024-000000-000256
Retail Clientele: Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Route 24
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1959
Year Renovated: 2022
Roof Type: Flat
Construction/Siding: Wood Frame
Water Recreation: Outdoor Pool
Parking Type: Surface
Parking Description: Paved parking lot
Heat Type: Electricity, Oil
Heat Source: Baseboard, Heat Pump
Air Conditioning: Other
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,093 5,956
Median Age: 53.53 52.26
Households: 996 2,752


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