116 Main St - Hospitality FOR SALE


Presque Isle, ME 04769
$3,250,000 USD
207-773-4222
116 Main St, Presque Isle, ME for Sale
$3,250,000 USD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

116 Main St
Presque Isle, ME 04769


HIGHLIGHTS

  • 112 Guest Rooms and Extended Stay Suites
  • Capital improvements including guest rooms, lobby and entrance in 2023 and 2024
  • 100+ Seat Fully Equipped Restaurant
  • Spacious Sports Bar
  • 40 Seat Restaurant with Casual Lounge
  • Sprinkler system was updated to meet local requirements

OVERVIEW

Interior Corridor Hotel offers a unique blend of comfortable guest rooms with modern amenities, strategic location, and strong market potential. Over 100 guest rooms and with recent renovations to 56 keys, along with additional property improvements to enhance the overall guest experience and operational efficiency. The hotel's restaurant and lounge facilities can be easily re-opened, providing additional income streams. Another significant opportunity exists for franchise affiliation with a national hotel chain, which would greatly enhance the hotel's occupancy and revenue potential. This investment positions a new owner to capitalize on the region’s expanding tourism and business sectors. The hotel is situated on 5+/- acres and enjoys prominent visibility located on US Route 1. The property has easy access to snowmobile trails (ITS83A), lakes, and other recreational activities. It is also near downtown Presque Isle, Presque Isle International Airport, and UMaine at Presque Isle Campus (within 500 feet).

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$25 USD /SF

# OF ROOMS

112

PRICE/ROOM

$29,018 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northern Maine Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1973

PARKING SPACES

128

LAND DETAILS

LAND ACRES

4.82 AC

LAND SF

209,959 SF

ZONING

Business

APN/PARCEL ID

PREE-000010-000127-000116

ASK ABOUT THIS PROPERTY

Roger DaigleDaigle Commercial Group IncMore Info
207-773-4222

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Roger DaigleDaigle Commercial Group IncMore Info
207-773-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.