8 Bedroom B&B Property for Sale

Hospitality for Sale
Catylist Listing ID: 30295518
Property Subtypes: Bed & Breakfast, Inn
Number of Units: 8 Units
Building Size (RSF): 6,671 SF
Gross Building Area: See Agent
Gross Land Area: 0.99 Acres
Sale Price: $850,000
Unit Price: $106,250 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: The Elms
Name of Establishment: The Elms B&B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2018

Overview / Comments

This property, currently The Elms B&B, is a historic house located in Westbrook, Maine. The home was built in 1882 and has 8 bedrooms and 5 bathrooms. The Elms is located on one acre on the Presumpscot River, and offers guests a billiards room, a beautiful formal dining area, and a public space outside overlooking the river. The property is located close to downtown Portland and offers easy access to I-95 and surrounding areas. Large commercial kitchen. Building outfitted with full sprinkler system. Permitted uses also include: single family, restaurant, medical & office, congregate care, etc. See The Elms Contract Zone.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 040/206
Zoning: THE ELMS CONTRACT ZONE
Property Visibility: Excellent
Feet of Frontage: 357
Traffic/Vehicle Count: 13,950
Highway Access: I-95
Site Description: Located on Cumberland St across from the mill.
Number of Stories: 3
Year Built: 1882
Total Parking Spaces: 15
Parking Description: 15 off-street parking spaces
Sprinklers: Wet
Laundry: Shared
Heat Type: Natural Gas, Hot Water
Heat Source: Baseboard
Air Conditioning: Engineered System, Window Unit
Internet Access: Cable
Lot Frontage: 382 Feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,005 39,445 117,260
Median Age: 38.07 37.89 38.5
Households: 2,653 16,392 50,266

Contact

Photograph of Listing Agent

Scott Balfour

Magnusson Balfour Commercial & Business Brokers
NECPE Member
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