740 Central St - Hospitality FOR SALE


Millinocket, ME 04462
$2,950,000 USD
617-610-7774
740 Central St, Millinocket, ME for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

740 Central St
Millinocket, ME 04462


HIGHLIGHTS

  • 77 guest rooms & suites, offering scenic views for leisure or business travel
  • Indoor heated pool and hot tub; billiards; game room; fitness center
  • Versatile meeting & event spaces for weddings, corporate retreats, and special events.
  • Conveniently located near Baxter State Park, home of the majestic Mount Katahdin.
  • Easy access to renowned hiking trails, fishing spots, and snowmobiling routes.
  • Great upside potential! Current management is offsite & dependent on staff

OVERVIEW

Seize a rare opportunity to own the Katahdin Inn & Suites, a welcoming retreat nestled in Millinocket, Maine, gateway to the majestic Mount Katahdin. Surrounded by beautiful pines and the serene Penobscot River, this inn attracts outdoor enthusiasts and nature lovers year-round. Invest in a beloved destination embodying northern Maine's rugged charm. Renowned for its scenic beauty and recreational opportunities, Millinocket attracts visitors seeking both adventure and relaxation. Nestled in the heart of the scenic Mt. Katahdin Region and situated along the 89 Mile Scenic Byway of the Katahdin Woods and Waters National Monument. It’s convenient location along a primary tourist route and capital improvements makes Katahdin Inn & Suites an excellent investment in Maine’s thriving outdoor tourism market.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$47 USD /SF

# OF ROOMS

78

PRICE/ROOM

$37,821 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Katahdin Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

48

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,593 SF

ZONING

HC

APN/PARCEL ID

MLNK-000010-000092-000001U

ASK ABOUT THIS PROPERTY

Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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