InnShopper > Inns for Sale > Maine > Lewiston > Inn at the Agora

Inn at the Agora


Lewiston, ME   Offered for sale at $395,000
 

Gorgeous historic building, fully renovated, immediately profitable!

After extensive renovations, the Inn at the Agora opened in 2015 in the former rectory of St. Patrick's Church, known as Kelsey Hall, built in 1850.

INSTANTLY PROFITABLE! 2017 Capitalization rate of 13.1% based on sale price of $395K.

INN AT THE AGORA:
* 8,548 SF mansion built in 1850 by Capt. Albert Kelsey
* Opened in March 2015 as the Inn at the Agora
* 5 guestrooms with 2 additional rooms for expanded suites
* Innkeeper’s quarters on 3rd floor
* Fully renovated including: New HVAC, fire alarm, sprinkler system; New kitchen and appliances; (5) guest rooms (Kelsey Family Suite, Healy Suite, Wallace Suite, McDonough Family Suite, Gleason Suite); (2) annexes for family guest rooms; 3rd floor innkeeper’s suite
* In March 2015, the Inn at the Agora was opened for year-round operation; INSTANTLY PROFITABLE
* Website is www.innattheagora.com



Property Details
  • 5 Guest Rooms
  • 5 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1850
  • Last Renovated in 2015
  • Opened in 2015
  • Building is 8,548 SQFT
  • Lot is 0.3 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $395,000
  • Occupancy Rate: 47%
  • Average Daily Rate: $130
  • Annual revenue is $111,184
  • Terms: 2017 Gross $111,184; Cash flow $51,730 (add another $14036 if you plan to do the housekeeping)
Contact Information