4 S Main St - Hospitality FOR SALE


Solon, ME 04979
$579,000 USD
207-431-1177
4 S Main St, Solon, ME for Sale
$579,000 USD
Hospitality - FOR SALE
1/44
null | 6.9% Cap Rate

4 S Main St
Solon, ME 04979


HIGHLIGHTS

  • 24 Seat Bar
  • Restaurant Seats 99
  • Event Hall Seats 120
  • 20+ Hotel Rooms To Renovate
  • Large Parking Lot
  • Located In The Heart Of Maine

OVERVIEW

Historical Hotel in Central Maine. Newly renovated in 2022, 4,000 square foot restaurant & bar with function hall. Located in an ideal location with high traffic counts. All information will be released with signed NDA. MOTIVATED SELLER'S. The hotel rooms on the upper floors are awaiting a remodel and once completed will generate an additional $59,520 per month based on 12 rooms@$199 per night with a monthly occupancy rate of 80%. The function hall also generates revenue through private function rentals such as weddings proms, birthdays, business retreats, etc

FOR SALE DETAILS

PRICE

$579,000 USD

PRICE/SF

$24 USD /SF

# OF ROOMS

22

PRICE/ROOM

$26,318 {currency}

CAP RATE

6.9%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Solon Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1895

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C

APN/PARCEL ID

5599033

ASK ABOUT THIS PROPERTY

Christina MudieCrescent Realty GroupMore Info
207-431-1177

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Christina MudieCrescent Realty GroupMore Info
207-431-1177

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