15 Locke St - Hospitality FOR SALE


Kennebunkport, ME 04046
$2,900,000 USD
207-491-6282
15 Locke St, Kennebunkport, ME for Sale
$2,900,000 USD
Hospitality - FOR SALE
1/52
null | 8% Cap Rate

15 Locke St
Kennebunkport, ME 04046


HIGHLIGHTS

  • This beautiful bed and breakfast is fully furnished, has an excellent reputation and is turn-key business.

OVERVIEW

This beautiful bed and breakfast is fully furnished, has an excellent reputation and is turn-key business. Six beautifully appointed guest rooms and baths, a six tabled guest dining room and an entrance sitting room, back and front porch make this an ideal business venue. This well established, extremely reputable bed and breakfast sits at the foot of acclaimed Cape Arundel golf course with views of the rolling hills where U.S. presidents have played golf. It is a short half mile walk to downtown Kennebunkport and lower village Kennebunk. Beaches, shopping, hiking trails, restaurants and art galleries abound in this quintessential Maine coastal town. One of the best features of this bed and breakfast is the fact that the owner's quarters are second to none boasting an extra four bedrooms and three and a half bathrooms, it's own living and dining room along with a small bar/kitchen and large, and full basement. This is a three-quarter acre lot in a quiet residential neighborhood just minutes from the hustle and bustle of one of Maine's most tourist-visited towns. A new roof and generator make this business viable throughout the year to meet the high demand of Maine's tourists in "vacationland".

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$495 USD /SF

# OF ROOMS

6

PRICE/ROOM

$483,333 {currency}

CAP RATE

8%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1802 House Bed and Breakfast Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1802

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

VR

APN/PARCEL ID

KENP-000012-000001-000003

ASK ABOUT THIS PROPERTY

Julianna AchesonSmith & Company RealtyMore Info
207-491-6282

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Julianna AchesonSmith & Company RealtyMore Info
207-491-6282

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