Downtown Boothbay Harbor B&B

Hospitality for Sale
Catylist Listing ID: 30630159
Property Subtypes: Bed & Breakfast
Number of Units: 6 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 0.14 Acres
Sale Price: $850,000
Unit Price: $141,666.67 Per Unit
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2020

Overview / Comments

Opportunity well-suited for those dreaming of their own successful bed & breakfast in Maine’s popular seaside town of Boothbay Harbor. Built circa 1886, the Bayberry House was extensively and beautifully renovated in 2008 to preserve the Victorian era charm, while providing modern amenities expected by today’s traveler.

Ranked #1 in Boothbay Harbor by TripAdvisor, the Bayberry House consists of four luxurious guest rooms and two spacious guest suites, all with private en-suites featuring marble and granite accents, ceiling fans, individual heating/AC units, mini-refrigerators, and flat screen HDTVs. Three of the guest rooms have a gas fireplace, and each unit is uniquely decorated with a combination of antique and contemporary furnishings. The common areas include two kitchens, breakfast area, lounge with a cozy fireplace, an outdoor terrace, and a 2nd floor deck. The third floor is made up of five additional rooms and a bathroom which could be utilized for additional guest rooms or a large owner's suite.

Conveniently located at the edge of downtown, guests can leave their vehicles parked at the inn and walk to Boothbay Harbor's best dining, shopping, and attractions without the hassle of having to find a parking space during the busy summer months.

The property was just awarded TripAdvisor's Traveler's Choice Lodging Award for 2020! This coveted award – celebrating travelers’ favorite hotels, restaurants airlines, and other aspects of travel around the world – is restricted to only those businesses in the top 10% of service and quality ratings world-wide. The current owners have built a strong reputation for the property allowing a new owner to take over an established operation in coastal Maine with a loyal customer base. The solid foundation offers a built-in investment return, yet the inn could support enhanced revenues above its current base with more robust marketing techniques and a new owner’s creative ideas for the guest rooms and third floor space.

Additional Details

Nearest MSA: Augusta-Waterville
County: Lincoln
Tax ID/APN: 020-104
Zoning: DOWNTOWN BUSINESS C
Retail Clientele: Family, Tourist, Recreation
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1886
Year Renovated: 2008
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Total Parking Spaces: 7
Parking Type: Surface
Sprinklers: Wet
Laundry: Shared
Heat Type: Electricity, Oil
Heat Source: Heat Pump, Other
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,235 4,623 7,501
Median Age: 55.8 54.52 53.84
Households: 620 2,226 3,533

Contact

Photograph of Listing Agent

Nicholas Farrell

KW Commercial - Keller Williams Realty
NECPE Member
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