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Contact info

• 603-431-3001 x237 [Office] 

Description

86 unit seasonal motel on 5.05 acres in Wells near the Wells/Ogunquit town line. Close to all the local beaches in Wells and Ogunquit. On the heavily traveled Route #1 coastal area near all the motels, shops, beaches and area attractions. This resort property has a very stable cash flow and has been in operation since the 1960's. Very high occupancy rates in high demand months. Significant land parcel to add to its numerous recreational activities or significant expansion/redevelopment opportunities. Unit Mix: - Building #1, 14 rooms with double beds. - Building #2, 12 units with 2 bedrooms & kitchenettes. - Building #3, 8 units with 2 double beds each. - Building #4, (economy rooms) 8 units, 2 with kitchenettes. - Building #5, 18 units with king beds, 1 with kitchenettes. - Building #6, 12 units with double beds. - Building #7, 12 units with queen beds. Additional Buildings: - 4 Cottages for on site staff - Laundry Facility - Office Building Building price details: $2,950,000.

Property Details

• Type: Hotel & Motel
• Use Types:Extended Stay, Hotel, Motel, Recreation Cabins, Resort, Ski & Sun, Vacation Rental(s), Other
• Status: Available
• MSA: Portland-South Portland-Biddeford
• Zoning: commercial
• Buildings: 7

Terms

• Cash to Seller 

Map Locations