Property ID : MLS 1419453
For Sale $1,200,000.00 - Commercial, Hotel/Motel
28 Unit Motel & Home in Old Orchard Beach. Great Opportunity to run as an existing hospitality business, comprised of 27 Motel Units/Cottages. The property is comprised of 20 Motel/Efficiency type units (some with separate bedroom). Five 1 bedroom cottages with kitchenettes. Two duplex style cottages/suites with full kitchens. Add in a large 2 bedroom, 2 bath home, with 4-car attached garage for owners convenience and comfort. An attached laundry room. Large office area with morning coffee for guests. Large fenced in area with in-ground pool (just put in new pump). Multiple playground areas & climbing equipment and swings for children. Lots of grills and picnic tables just outside pool area and scattered throughout the property for guests usage. The property is situated on 6.5 acre lot, with the motel portion only occupying approximately 2.5 acres, so their is lots of room for expansion! This is a turn-key operation, making this a great opportunity for a new owner to come in with little upgrades necessary.
The current owners have done substantial improvements to the property since they purchased in 2015! Including, but not limited to some of the following repairs and replacements. New roofs on some of the buildings. Replaced 150 feet of old sewer lines. The replaced all the old carpets with new laminate flooring. All the GFI’s updated throughout the property, along with new smoke/carbon detectors,. All the furniture was replaced, and new mattresses. All units painted out. This is a well maintained property that sits back off the road in a quiet wooded setting. Trolley stops at entrance to take guests to down town area and beaches, all located just a mile from property. This won’t last long, especially being the only motel property currently available in Old Orchard Beach. With 7-miles of sandy beaches less than a mile, it makes Marcotte Motor Court a desirable location for tourists. Currently operating seasonally, however the home is year round and they are licensed for six year round rental units.