79 Old Post Rd - Hospitality FOR SALE


Kittery, ME 03904
$5,000,000 USD
207-361-5007
79 Old Post Rd, Kittery, ME for Sale
$5,000,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

79 Old Post Rd
Kittery, ME 03904


HIGHLIGHTS

  • High Traffic Location
  • Close to Portsmouth, NH
  • Frontage on 2 Roads

OVERVIEW

Exceptional Development Opportunity in Kittery, Maine! Explore this prime 2-acre parcel at 79 Old Post Road, featuring unbeatable access from both Old Post Road and the Route One bypass. Located in a Commercial 3 zone, this site offers a myriad of possibilities for your vision, with a variety of allowed uses to meet diverse business needs. With easy access to I-95 and just 1 mile from Portsmouth, NH, this location is perfect for attracting traffic and clientele. Currently operating as a year-round motel consisting of an 11 room motel, 5 cottages and a 4 bedroom owner's quarters with adjacent office, the property is equipped with essential public water and sewer connections, making it ideal for redevelopment or continued hospitality operations. Don't miss the opportunity to capitalize on this strategic location within a thriving community.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,821 USD /SF

# OF ROOMS

16

PRICE/ROOM

$312,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northeaster Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

C-3

APN/PARCEL ID

KITT-000008-000000-000013

ASK ABOUT THIS PROPERTY

Rick CosseboomAnchor Real EstateMore Info
207-361-5007

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Rick CosseboomAnchor Real EstateMore Info
207-361-5007

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