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Listed by James Spear True North Realty, Inc.

$2,250,000

Est. payment - /mo

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20,000 SqFt

Active

1963 Medway RD Medway, ME 04460

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Elevate Maine Realty

info@elevatemaine.com +1(207) 331-4565

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $112

MLS Listing ID 1619103

Style Modular

HOA Y/N No

Year Built 1995

Tax Year 2023

Lot Size 4.780 Acres

Acres 4.78

Property Sub-Type Multi Family

Source Maine Listings

Land Area 20000

Property Description

Rare opportunity to own a well run hotel at the gateway to the greatest Maine has to offer in outdoor activities. This hotel, built in 1995, has 38 rooms varying from a single up to a two bedroom and also offers efficiency apartments for longer stays. The conference room has been used for business meeting, reunions and even a local wedding. There is also a well ventilated 60'x80' building attached that could be used for ATV or Snowmobile storage. This property is connected directly to the ITS. More than 60,000 people visit Baxter State park every year, making this a prime place to stay wither before or after hiking. The current owners have had hundreds of hikers who have used Baxter State Park to start or finish the Appalachian Trail. With plenty of lakes ad rivers in the area, this hotel offers the ability to stay close to the best outdoor recreation areas Maine has to offer.

Location

State ME

County Penobscot

Zoning Commercial

Direction From I-95 Turn towards Millinocket. Property is on the right.

Rooms

Basement Walk-Out Access, Full

Interior

Heating Oil, Baseboard, Hot Water, Zoned

Cooling Wall/Window Unit(s), Central Air

Flooring Carpet, Concrete, Vinyl, Wood

Equipment Cable

Exterior

Parking Features 21+ Spaces, Paved

Roof Type Metal

Accessibility Elevator/Chair Lift, Level Entry

Building

Lot Description Business District

Story 3

Foundation Poured Concrete

Water Private, Well

Others

Tax ID MEDY-000009-000000-000006

Nearby Locations

Please Contact Me For More Information.

+1(207) 331-4565

info@elevatemaine.com

211 US-1, Falmouth, ME, 04105-1301, USA