886 Commercial St - Hospitality FOR SALE


Rockport, ME 04856
$10,500,000 USD
207-266-5604
886 Commercial St, Rockport, ME for Sale
$10,500,000 USD
Hospitality - FOR SALE
1/36
null | Request Cap Rate

886 Commercial St
Rockport, ME 04856


OVERVIEW

A Rockport, Maine Portfolio Offering 886, 898 and 904 Commercial Street, Rockport, ME 04856 This immaculate two-portfolio sister property sits on an 11 acre oceanfront hillside estate in Rockport, Maine, offering 42 rooms, two heated pools, one with vanishing edge, thoughtful landscaping, expansion opportunity, and a beautiful view of Ram Island and Penobscot Bay. A true bonus at this offering is the beautiful manager or owner’s apartment, with newly remodeled kitchen with granite, large island which opens to the great room featuring a wall of picture windows facing the ocean. There’s a full bedroom with ensuite bath, plus a hall bath, and office area. This can be rented as a luxury short or long term suite to add to the revenue stream. Total of 21 units at Strawberry Hill Inn, all in one building. At Island View Inn: the large building has 15 units; the next building to the north has 3 rental units + owner’s quarters (with the infinity pool); the small building to the north of that has 3 units (one is a suite that is part of the rental pool, the other 2 units upstairs are occupied by the owner’s family). 40 of the 42 units are being rented at the present time. Rockport is located on the western shore of Penobscot Bay, a large and picturesque bay in the Gulf of Maine. This gives it a significant maritime character, with a working harbor just 3 miles south in Rockland, and access to numerous islands. It’s a key city within the Midcoast region, an area known for its scenic coastline, historic towns, and artistic communities. It also serves as a departure point for the Maine State Ferry Service, providing access to islands like Vinalhaven, North Haven, and Matinicus. In essence, Rockport’s location on Penobscot Bay makes it a gateway to the islands and a focal point for coastal activities, while its position within Midcoast Maine provides access to a rich blend of cultural and natural attractions. Strawberry Hill Seaside Inn and Island View Inn are located: 3 miles from Rockland 5 miles from Camden 28 miles from Damariscotta 43 miles from Boothbay Harbor 80 miles from Portland 80 miles from Bar Harbor 110 miles from Moosehead Lake And just minutes to the Owl’s Head and Rockland Breakwater Lighthouses. The Strawberry Hill and Island View Portfolio represent a rare opportunity to acquire a proven, income-producing hospitality portfolio in one of midcoast Maine’s most sought-after, Route One coastal destinations. Both properties enjoy consistently strong seasonal occupancy fueled by steady tourism demand, alongside growing off-season business. Strawberry Hill has been operated year round, but new owners could also keep Island View open year round as well. With expansive and scarce waterfront acreage, impeccably maintained buildings and grounds, clear potential for further development, and a prime location near premier coastal attractions, this portfolio offers immediate revenue strength and exceptional long-term appreciation potential in a market with very limited waterfront competition. While not currently in the rental pool, this exceptional manager's apartment has strong potential as a high-ADR offering. The residence features thoughtful custom finishes throughout, a spacious open kitchen with granite countertops and a large dining island, an open-concept living and dining area framed by picture windows with sweeping views of the property and water beyond. Additional highlights include a versatile den, a generous bedroom with en-suite bath, a convenient half hall bath, and a private deck—perfect for enjoying those stunning water views. Property Data: STRAWBERRY HILL SEASIDE INN 886 Commercial Street, Rockport, ME 04856 Tax Map 006 Lot 173 3.48 acres 1 two story building, 8,063sf Book 2357, Page 0001 Knox County Registry of Deeds 2025-26 Real Estate Taxes $21,930 21 guest rooms heated pool public water and sewer ISLAND VIEW INN 904 & 898 Commercial Street, Rockport, ME 04856 Tax Map 006 Lot 177, Map 006 Lot 175 & Lot 175-001 7.57 acres Building 1 – 10,000 sf; Building 2 – 3,497sf; Building 3 – 1120sf Book 2722, Page 206; Book 3148 Page 44; and Book 3502 Page 188, Knox County Registry of Deeds 2025-26 Real Estate Taxes for all three $41,515 21 guest rooms in three buildings: Building One has 15 units; Building Two has 3 units and owner or manager’s unit; Building Three has 3 units heated infinity pool public water and sewer GENERAL Approximately 560 feet of water frontage TOTAL acreage: 11.1 Ample land available for additional development Heating System: heat pumps, hot water baseboard Heat Fuel: oil and propane A/C: heat pumps, wall units, central air Fire Sprinkler System in both properties Paved Parking for: 60 Exterior: large buildings are vinyl, small buildings are wood clapboard Roofing: asphalt shingle Basement: full, concrete Current business is rooms only, no Food and Beverage Plenty of room to add buildings, create an event venue, add a restaurant, etc to become a year round resort

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$1,098 USD /SF

# OF ROOMS

21

PRICE/ROOM

$500,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strawberry Hill Seaside Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1993

PARKING SPACES

60

LAND DETAILS

LAND ACRES

3.48 AC

LAND SF

151,589 SF

ZONING

C2

APN/PARCEL ID

ROCT-000006-000000-000173

ASK ABOUT THIS PROPERTY

Dana MoosPortside Real Estate GroupMore Info
207-266-5604

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Dana MoosPortside Real Estate GroupMore Info
207-266-5604

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