21 Ocean Park Rd - Hospitality FOR SALE


Saco, ME 04072
$1,950,000 USD
207-773-4222
21 Ocean Park Rd, Saco, ME for Sale
$1,950,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

21 Ocean Park Rd
Saco, ME 04072


HIGHLIGHTS

  • 18 comfortable and spacious guestrooms/suites
  • Two-bedroom, two-bathroom owner/manager’s apartment
  • Indoor heated swimming pool
  • Outdoor Patio area for guest use
  • Brand new Amana heat pumps in all rooms and owners apartment
  • Ample parking

OVERVIEW

This hotel is conveniently located just off I-195 between Old Orchard and Saco — two of Maine’s strongest lodging markets. The property presents a unique opportunity for aspiring innkeepers or investors seeking a lodging property with potential for repositioning. Currently open on a seasonal basis, the property is ideally equipped for year-round operation.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$272 USD /SF

# OF ROOMS

18

PRICE/ROOM

$108,333 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beach Area Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1959

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

MDL-94

APN/PARCEL ID

SACO-000034-000099

ASK ABOUT THIS PROPERTY

Roger DaigleDaigle Commercial Group IncMore Info
207-773-4222

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

Roger DaigleDaigle Commercial Group IncMore Info
207-773-4222

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