Ideal Two Motel Investment Package Directly Across from Beach

Hospitality for Sale
Catylist Listing ID: 30316408
Property Subtypes: Motel
Number of Units: 37 Units
Building Size (RSF): 14,487 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 - 0.62 Acres
Sale Price: $3,700,000
Unit Price: $100,000 Per Unit
Property Use Type: Investment
Building Name: Green Dolphin Motel & Sir Charles Motel
Name of Establishment: Green Dolphin Motel & Sir Charles Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2018

Overview / Comments

Two extensively renovated motels (Green Dolphin Motel & Sir Charles Motel) offering 37 total units including 12 in Sir Charles Motel and 25 in Green Dolphin Motel including three unique basement jacuzzi suites. Most units have kitchenettes and all come fully equipped and furnished. Many upgrades have been done to both properties making them truly turn key. Large inground heated pool and two hot tubs at Green Dolphin which is short walking distance from Sir Charles. Both are located directly across from 7 miles of beautiful beach and short distance to beach, pier, amusement, restaurants and more. Both offered individually but seller preference is to sell as package. Green Dolphin has lovely 3 BD 1+ BA owners quarters with granite, hardwood, jetted tub and private deck. Managers quarters also on both properties. Amazing rental history and income and all capital improvements done!

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: OOBH-000304-000007-000006; OOBH-000305-000006-000009
Zoning: DD-2
Retail Clientele: Tourist
Property Visibility: Excellent
Largest Nearby Street: Walnut Street
Highway Access: Close to Saco and Biddeford Maine Turnpike entrances
Airports: Close to Portland Jetport and Biddeford Airport
Nearby Attractions: Palace Playland, Old Orchard Beach Pier, Aquaboggan, Funtown/Splashtown, Cinemagic and many others.
Total Number of Buildings: 4
Number of Stories: 3
Property Condition: Excellent
Year Built: 1962
Year Renovated: 2015
Construction/Siding: Vinyl Siding
Water Recreation: Outdoor Pool, Hot Tub
Parking Type: Surface
Laundry: Shared
Heat Type: Propane, Oil
Heat Source: Baseboard, Other
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,999 17,245 49,852
Median Age: 45.02 46.22 43.53
Households: 1,985 7,943 21,817
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.