Hotel Site Redevelopment Opportunity

Undisclosed Address, Mount Desert, ME 04660
Hospitality for Sale
Catylist Listing ID: 30856232
Property Subtypes: Hotel
Number of Units: 90 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $2,475,000
Unit Price: $27,500 Per Unit
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/18/2023

Overview / Comments

A unique opportunity to acquire a hotel redevelopment site ideally suited for a themed hotel. Situated in one of Maine’s most desirable hotel markets and an easy drive to numerous famed tourist destinations. An existing income-producing freestanding building on a 2.14 +/- acre site lends itself to further development to complete the resort campus. A comprehensive density study and market analysis have highlighted the feasibility of developing a hotel with 80+ keys.

Additional Details

Tax ID/APN: 010-147
Zoning: VC
Area Description: Nestled in the heart of picturesque Mount Desert Island, visitors will find themselves immersed in the stunning natural beauty and vibrant cultural scene that characterizes this enchanting destination in Maine. Mount Desert Island invites guests to explore its captivating landscapes and charming communities, including the historic Somesville Business District. The Bangor International Airport (BGR), located about 50 miles from Mount Desert Island, serves as the primary airport for the region, ensuring easy access for guests traveling from various locations across the United States. Moreover, Mount Desert Island's proximity to popular shopping and entertainment venues offers guests a wide array of leisure activities during their stay. Mount Desert Island, home to the quaint and bustling town of Bar Harbor, also features the charming Somesville Business District, known for its picturesque setting, unique shops, and local eateries. The area attracts visitors from nearby Bangor, Portland, and even farther afield, drawing in travelers from across the nation. The island is also the gateway to the stunning Acadia National Park, featuring diverse landscapes and a plethora of outdoor activities for visitors to enjoy. The area boasts an impressive array of attractions, including the picturesque Sand Beach, the iconic Jordan Pond, and the awe-inspiring Cadillac Mountain, the highest peak on the eastern seaboard. Additionally, visitors can explore the rich history and culture of the region through the Abbe Museum, dedicated to preserving the heritage of the Wabanaki people and the many art galleries scattered throughout the island. The alluring combination of natural splendor, coastal charm, and cultural richness creates a captivating tourist destination, seamlessly complementing Mount Desert Island's flourishing hospitality industry. The inclusion of the historic Somesville Business District further enhances the island's appeal, offering guests an unforgettable experience of Maine's quintessential charm.
Nearby Attractions: Bar Harbor, Acadia National Park
Year Built: 1985


© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions.