455 Kennedy Memorial Dr - Hospitality FOR SALE


Waterville, ME 04901
$5,200,000 USD
207-773-4222
455 Kennedy Memorial Dr, Waterville, ME for Sale
$5,200,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

455 Kennedy Memorial Dr
Waterville, ME 04901


HIGHLIGHTS

  • New FF&E, including beds, seating, lighting, artwork, mirrors, window treatments, TVs, appliances, and case goods
  • New casework, including reception desk, cabinetry, closets, and bathroom vanities
  • New guest room, bathroom, corridor, lobby, and public-area finishes
  • New guest room doors
  • 50 keys - Two Buildings
  • New plumbing systems, including guest bathrooms, fixtures, water heating, sanitary lines, and drainage

OVERVIEW

The Elmwood is an attractive highway hotel in Waterville, Maine, with 50 keys and high visibility at the first Northbound exit of Interstate 95, with comfortable guestrooms in two buildings. The property has undergone extensive renovations to the entire facility and guestrooms, further enhancing its appeal to today’s lodging guests. Benefiting from its strategic location on Kennedy Memorial Drive, the hotel is well-positioned to capture a diverse mix of business from varied demand drivers, including transient travelers, college-related visitors, nearby hospital traffic, and business travelers. Well-located lodging option in one of central Maine’s key commercial markets.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$199 USD /SF

# OF ROOMS

50

PRICE/ROOM

$104,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Elmwood

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

Motels

APN/PARCEL ID

WAVL-000041-000000-000004

ASK ABOUT THIS PROPERTY

Roger DaigleDaigle Commercial Group IncMore Info
207-773-4222

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Roger DaigleDaigle Commercial Group IncMore Info
207-773-4222

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