90 US-1 Bypass - Hospitality FOR SALE


Kittery, ME 03904
$1,800,000 USD
207-773-4222
90 US-1 Bypass, Kittery, ME for Sale
$1,800,000 USD
Hospitality - FOR SALE
1/1
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90 US-1 Bypass
Kittery, ME 03904


OVERVIEW

A unique opportunity to acquire a fully approved development site for a Holiday Inn Express in Kittery, Maine. Strategically located in the Bypass-Old Post Road Commercial (C-3) zone, the site comes with InterContinental Hotels Group (IHG) approval for the development of a 62-unit hotel. In addition to the development site parcel, the buyer must agree to assume the existing franchise commitment and comply with its terms and conditions for the proposed hotel. This development site presents an opportunity to establish a prominent presence in Kittery’s burgeoning commercial corridor, surrounded by a variety of commercial properties and accessible directly from the main thoroughfare.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$56 USD /SF

# OF ROOMS

64

PRICE/ROOM

$28,125 {currency}

CAP RATE

Request Cap Rate

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Development Site

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2027

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

C-3

APN/PARCEL ID

KITT-000014-000000-000002

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.