Property ID : MLS 1295316
Sold $1,750,000.00 - Commercial, Hotel/Motel
STEPS from the beach, pier, shopping and restaurants is this 20 Unit Motel, owners 1 bedroom apartment, and 2 Bedroom Cottage ready for investors! This property provides units with decks and patios that overlook a heated in-ground pool for your summer guests to enjoy. Inviting curb appeal and extra parking across the street on East Grand Avenue behind the cottage are only a couple of the features this well-appointed income property provides. Great one bedroom owners apartment on site, situated behind office for easy access to customers checking in late in the day. Revenues up by over 15% in the last year due to new online booking site, and an even higher increase anticipated in 2017! Don’t miss out on the opportunity to finally make your dream of owning a motel by the beach a reality! This motel is only a half mile from pier, shops, restaurants and public transportation, including Amtrack. Near Dunegrass Golf Course.
Easy access – only three miles from I-95, and less than 20 minutes from Portland Jetport and the mall to the North, and Kennebunkport to the South… A great location that has it all. 7 miles of sandy beaches, the best on the eastern seaboard. The playground to the greater Boston area and Canadians alike. For more detail view their web site at: www.echomotel.com