Bucksport Motel


Bucksport, ME   Offered for sale at $1,200,000
 

-24 units in large building (1 is being used as part of the owner's quarters as a 2nd bedroom)
-1 retail building closest to the street (was leased to a barber shop but newly converted to fully equipped 1 BR/1 BA rental cottage 2019)
-Built in 1956
-5.44 acres (beautiful private wooded area in back with stone fire pit)
-New roof 2006
-New furnaces 2007
-Solar system 2008 for hot water
-All new replacement windows
-All new vinyl shingle siding
-New brick veneer

Expansion - there's about 2 acres of woods in the back that is perfect for the addition of cottages, even treehouses or 'glamping' sites! In the front of the lot there's a portion of the lot for an additional building, pool, etc. OR you could take the motel up another story.

Spacious Owner's Quarters.

Financially Viable. Financials disclosed to qualified buyers. Strong cap rate 11%, anticipating 14% for 2019

Seller's are in their 14th year and ready to retire!



Property Details
  • 24 Guest Rooms
  • 24 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1956
  • Last Renovated in 2019
  • Building is 7,000 SQFT
  • Lot is 5.44 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,200,000
  • Terms: Available upon request to qualified buyers with signed NDA
Contact Information