The Bailey Island Motel- PENDING UNDER AGREEMENT
Bailey Island, ME
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Just over the famous Cribstone bridge, nestled in a tranquil cove at the entrance of Bailey Island, you will find The Bailey Island Motel. Boasting 9866 square feet, this quintessential Maine getaway offers not only an owner’s home with 3 bedrooms and 3.5 baths, but also an attached motel with 11-12 rooms providing seasonal income. A major down to the bones renovation has been done on the property in its entirety, spanning several years and taking extensive amounts of capital to complete. This renovation has left all boxes checked, with motel rooms mirroring the modern amenities all savvy travelers are looking for while also adding massive value to the owner’s home offering custom wood work done by a local craftsman. Enjoy the owner’s home year round with privacy (as there are no shared spaces between private quarters and motel) along with many high end features including custom fireplace in living room, walk in closets and beautiful custom staircase. Profit potential is immeasurable in the motel as it includes 11 guest rooms with a 12th efficiency room to be used as another lodging room, a room for manager on duty or as an extension of your private living quarters. The options are limitless for lodging packages as this property also offers a private deep water dock and mooring, allowing you and your guests water access. With all of the heavy lifting done through the renovation completed by the current owners, The Bailey Motel is a turnkey establishment waiting for the right buyer to maximize all of the potential this beautiful and scenic property has to offer.
Property Details- 12 Guest Rooms
- 12 Guest Room Baths
- Has Owner's Quarters
- Built in 1958
- Last Renovated in 2015
- Building is 9,866 SQFT
- Lot is 1.05 Acres
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