341 US Route 1 - Hospitality FOR SALE


Weston, ME 04424
$1,450,000 USD
770-880-2334
341 US Route 1, Weston, ME for Sale
$1,450,000 USD
Hospitality - FOR SALE
1/42
null | 3.22% Cap Rate

341 US Route 1
Weston, ME 04424


HIGHLIGHTS

  • Iconic "Million Dollar View" location, offering a powerful, built-in marketing advantage.
  • Turn-key lodge and restaurant with proven income and a clear path to double NOI.
  • A 40-acre private estate with direct ITS snowmobile and hiking trail access.

OVERVIEW

An extraordinary opportunity to acquire First Settlers Lodge, a sprawling 40-acre private estate and four-season recreational hub located in the heart of the East Grand Lake region. Bordered by hundreds of acres of protected conservation land, this property offers unparalleled privacy, an unspoiled natural setting, and a turn-key hospitality business with multiple avenues for significant growth. The estate’s value is anchored by its vast land holding and direct access to premier hiking and ITS snowmobile trails, positioning it as a year-round destination for outdoor enthusiasts. The property sits directly across from the iconic "Million Dollar View" scenic overlook, providing a world-class sense of arrival and a powerful, built-in marketing advantage. The turn-key operation includes a 6-room lodge (27-guest capacity) and a fully-equipped commercial kitchen and restaurant. While currently providing a stable income base, this infrastructure is primed for expansion. The combination of private land, trail access, and food & beverage facilities creates the perfect platform for a new owner to develop a highly profitable destination resort, hosting everything from snowmobile clubs and hunting parties to corporate retreats and wellness getaways. • Expansive 40-Acre Private Estate: A significant land holding offering space for future expansion (e.g., cabins, glamping, event venues) or to be kept as a private nature preserve for guests. • Direct Four-Season Trail Access: Direct, on-property access to major hiking and ITS snowmobile trail networks, driving year-round demand and creating a key competitive advantage. • Ultimate Privacy: Borders hundreds of acres of undeveloped conservation land, guaranteeing permanent tranquility and unobstructed natural views. • Iconic "Million Dollar View" Location: Situated directly across from a famous scenic viewpoint, providing a world-class marketing hook. • Turn-Key Restaurant & Commercial Kitchen: A fully-equipped facility ready to generate significant public-facing revenue through a full-service restaurant, event hosting, and catering. • Prime Lake Proximity: Located near East Grand Lake, a major hub for fishing, boating, and recreation. • Diverse & High-Capacity Lodging: 6 unique rooms with a 27-guest capacity to accommodate a wide range of travelers.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$120 USD /SF

# OF ROOMS

6

PRICE/ROOM

$241,667 {currency}

CAP RATE

3.22%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

First Settlers Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

20

LAND DETAILS

LAND ACRES

40 AC

LAND SF

1,742,400 SF

ZONING

Rural

APN/PARCEL ID

WSTTM004L003B

ASK ABOUT THIS PROPERTY

David TaylorBosdigMore Info
770-880-2334

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David TaylorBosdigMore Info
770-880-2334

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