2 River Rd - Hospitality FOR SALE


Cape Neddick, ME 03902
$2,195,000 USD
603-600-8900
2 River Rd, Cape Neddick, ME for Sale
$2,195,000 USD
Hospitality - FOR SALE
1/59
null | Request Cap Rate

2 River Rd
Cape Neddick, ME 03902


OVERVIEW

Two River Road Inn and Cottages is a rare opportunity to own an established, income-producing hospitality property at the gateway to York and Ogunquit -- one of the highest-demand summer tourism corridors on the East Coast. 20 Keys in all, the property features 15 freestanding seasonal cottages and a fully renovated main house on 2.46 acres at the corner of Route 1 and River Road, minutes from York Beach, Short Sands, and Perkins Cove. The main house includes a beautifully renovated kitchen, a two-bedroom owner's suite, three guest suites, and a studio apartment. The owner just installed a new fire prevention sprinkler system required by the state. The grounds include a swimming pool and gazebo with mature landscaping and decades of returning guests -- many of them repeat bookings year after year. What makes this property exceptional is its flexibility. It works for multiple buyer types: For the operator or investor, it's turnkey now and ready for a new owner/operator, and the cottage layout and overall setup make this ripe for a niche rebrand: a Pet-friendly resort, Cannabis-friendly resort, LGBTQ+ destination property, or a dedicated wedding party retreat with on-site lodging. Ogunquit draws some of the most loyal and high-spending tourism audiences in New England, and all of these niches are underserved in the area. For the lifestyle buyer -- live in the main house, put family and close friends in the cottages all summer, and offset carrying costs by renting the rest. The kind of generational compound that almost never comes to market on the Seacoast. The infrastructure is in place. The clientele is established. Offered at $2,2195,000 - will the next chapter in this property's story be part of yours as well?

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$228 USD /SF

# OF ROOMS

20

PRICE/ROOM

$109,750 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 River Road Inn & Cottages

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1791

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.46 AC

LAND SF

107,158 SF

ZONING

R1-5

APN/PARCEL ID

YORK-0000015-0000000-0000005

ASK ABOUT THIS PROPERTY

Travis BillinghamPortside Real Estate GroupMore Info
603-600-8900

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Travis BillinghamPortside Real Estate GroupMore Info
603-600-8900

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