196 US Route 1 - Hospitality FOR SALE


Bucksport, ME 04416
$1,500,000 USD
207-469-9930
196 US Route 1, Bucksport, ME for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/99
null | Request Cap Rate

196 US Route 1
Bucksport, ME 04416


HIGHLIGHTS

  • Former motel and rental property located in the lively Down east & Acadia Region.
  • The property is situated across 9.05 acres of prime commercial acreage, with 18,044 square feet spread across 50 rooms.

OVERVIEW

Explore the potential of this former motel and rental property located in the lively Downeast & Acadia Region. Conveniently positioned along Route 1 in Bucksport, this property is situated on the scenic coastal route linking Belfast and Bar Harbor, ensuring high visibility and tourist traffic. The property is situated across 9.05 acres of prime commercial acreage, with 18,044 square feet spread across 50 rooms. These rooms vary from single bed rooms to double bed rooms & includes apartments above the main lobby that could be used for owner or management use. Currently vacant and ready for redevelopment, this property offers a compelling income-generating opportunity. Sold in its current condition it requires further renovation, providing investors with the chance to tailor and modernize it for maximum returns. Recently named USA Today's #1 Best Coastal Small Town in 2021, the Bucksport downtown includes galleries, shopping, dining & the beautifully maintained waterfront walkway. Whether catering to visitors or appealing to locals, Bucksport's charm and coastal appeal are enduringly popular. Don't miss out on this investment opportunity in one of Maine's most sought-after locations. Schedule a showing today to envision the potential that awaits!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$83 USD /SF

# OF ROOMS

50

PRICE/ROOM

$30,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fountain Hut Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

48

LAND DETAILS

LAND ACRES

9.05 AC

LAND SF

394,218 SF

ZONING

COMMER

APN/PARCEL ID

BUCT-000002-000000-000012

ASK ABOUT THIS PROPERTY

Douglas BurpeeTwo Rivers Realty, LLCMore Info
207-469-9930

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Douglas BurpeeTwo Rivers Realty, LLCMore Info
207-469-9930

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