5 Summit St - Beach Motel

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30774393
Property Subtypes: Hostel, Hotel, Inn, Motel
Status: Pending
Number of Units: 25 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $1,349,000
Unit Price: $53,960 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/16/2021

Overview / Comments

With the Boardwalk in view, this classic, beachy property is in the center of it all. This family-oriented, cozy, beach area motel offers varied accommodations and is a short walk to everything including the Pier, amusement park, restaurants, and shops; with only a 15-minute drive to Portland's International Jetport.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31200-206-28-1
Zoning: DD-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,016 19,283 53,551
Median Age: 46.91 46.04 42.46
Households: 2,051 8,810 22,851

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