Augusta Maine Area Inn & Events Business
Offered for sale at $4,295,000
We focus on three areas of critical importance when analyzing properties in our portfolio: Location, the Physical Plant, and the resulting business activity. On rare occasions a property presents itself that offers an unparalleled combination of these factors while also leaving room for strong and steady growth. This profitable Augusta Maine Area Inn & events business for sale is the latest offering that has achieved this rare balance.
Highlights of this special lodging business and purpose built wedding and events venue include:
- Eight unique guest accommodations with private baths
- 3,428 + sq. ft. event and wedding facilities
- 31.5-acre lot offering opportunity for future development
- Total of 13,900 sq. ft. of commercial and residential space
- Two-story barn for utilitarian use or possible conversion
- Purpose built owner’s quarters
- Fully commercial kitchen with capacity for 300 meals
- Focused on sustainability and “green” initiatives
- Turnkey offering with stated exceptions
- Solid revenue history and profitability with 30+ year client list
The Inn is located in a resplendent country setting, offering guests views of untouched meadows and striking woodlands beyond. It’s uncommon to have this sense of calm while also being just four miles from I-95, under 10 minutes’ drive from the Maine State House in Augusta, and within five minutes of historic downtown Hallowell with its celebrated restaurants, boutique shops, and myriad other activities and attractions.
The combination of business and leisure travel driven by the Inn’s location clearly supports a viable lodging business, however, this is just a small part of the appeal of this special Maine hospitality property which is offered at a defensible price of $4,295,000.
Contact Eben Viens of The B&B Team, Inn Partners LLC for details: 877-957-2360.
Maine Broker of Record: Nate Mayo and Gwen Genest of Portside Real Estate Group.
- 8 Guest Rooms
- 8 Guest Room Baths
- Has Owner's Quarters
- Built in 1906
- Building is 13,900 SQFT
- Lot is 31.5 Acres
- Photo Gallery
- Offered for sale at $4,295,000
- Occupancy Rate: 56.3
- Average Daily Rate: 183.01
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