Catylist ID:
#30874032
| Catylist Listing ID: | 30874032 |
| Property Subtypes: | Inn |
| Number of Units: | 17 Units |
| Building Size (RSF): | See Agent |
| Gross Building Area: | See Agent |
| Sale Price: | See Agent |
| Sale Terms: | Undisclosed |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/6/2024 |
Overview / Comments
|
Southern Maine Coastal Inn is ideally situated on the heavily traveled US Route 1 corridor. This lodging facility, just a short drive to the beach, features 17 keys of varied guest rooms and private cottages, accommodating a diverse range of guests’ needs. The property has a a one bed-room apartment and a separate residence with two bedrooms, two baths, a full kitchen, and a living room ideal for onsite managers or owner. The hotel is well-positioned to benefit from the local tourism market and attractions in Southern Maine. This investment property represents an opportunity to own a well-established lodging facility with upside potential in one of Maine’s most desirable vacation areas. Property Features: 17 Keys, including traditional guest rooms and private cottages Seven Cottages - Four single rooms, 2-one bedroom, 1-two bedroom Motel Rooms - Four efficiency rooms, Five standard rooms,1-room with kitchenette Single one-bedroom apartment - Employee Housing Manager’s Apartment Heated Pool Guest grills and common areas on beautifully landscaped grounds Capital Improvements: Four efficiency rooms recently renovated Keypad locks enabling remote check-in New beds and mattresses in most guest rooms Planted trees and new landscaping New website Initiated process of winterizing cottages by adding underground waterlines, providing an opportunity for additional upside potential |
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | York |
| Tax ID/APN: | 31270_00117-053. - |
| Zoning: | MOTELS MDL-01 |
| Retail Clientele: | General, Family, Traveler, Tourist, Recreation |
| Property Visibility: | Excellent |
| Area Description: | Wells, Maine, a picturesque coastal gem nestled between the bustling city of Portland and the tranquil shores of New Hampshire. Known as "the friendliest town in Maine," Wells offers a unique blend of historical richness, natural beauty, and cultural vibrancy that captivates visitors and residents alike. Founded in 1643, Wells is one of the oldest communities in Maine, steeped in a history that echoes through its well-preserved architecture and the legendary tales of its past. From the storied meetinghouse to the ancient burial grounds, every corner of Wells tells a story of its colonial and maritime heritage. Nature lovers will find their paradise in Wells, with its sprawling sandy beaches, pristine marshlands, and lush forests. Wells Beach, Moody Beach, and Drakes Island Beach invite sun-seekers and families to enjoy their golden sands and gentle waves, while the Rachel Carson National Wildlife Refuge offers serene trails through salt marshes and woodlands, ideal for birdwatching and reconnecting with nature. Cultural enthusiasts will delight in Wells' vibrant arts scene, which includes numerous galleries, craft and antique shops, and the celebrated Ogunquit Playhouse just a short drive away. The town’s commitment to the arts is matched by its array of local eateries, where seafood is a star feature, showcasing the freshest catches from our waters. Wells is not just a destination; it's a community where traditions are cherished and innovation is welcomed, where every season offers new adventures and old-fashioned hospitality. Whether seeking a peaceful retreat, outdoor adventure, or a deep dive into New England’s heritage, Wells entices all to explore and enjoy all that the town has to offer. Discover Wells, Maine – where history meets the sea and memories last a lifetime. |
| Total Number of Buildings: | 9 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,279 | 4,182 | 11,997 |
| Median Age: | 53.57 | 56.71 | 51.03 |
| Households: | 1,078 | 2,032 | 5,317 |
| © Copyright 2024 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. |
