Turnkey 25 Unit Motel with Beautiful Owners Quarters

Hospitality for Sale
Catylist Listing ID: 30316354
Property Subtypes: Motel, Spa
Number of Units: 25 Units
Building Size (RSF): 9,639 SF
Gross Building Area: See Agent
Gross Land Area: 0.45 Acres
Sale Price: $2,725,000
Unit Price: $109,000 Per Unit
Property Use Type: Investment
Building Name: Green Dolphin Motel
Name of Establishment: Green Dolphin Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2018

Overview / Comments

Green Dolphin Motel is an extensively upgraded 25 unit motel with 3 jacuzzi suites, some rooms with ocean views, shared decks, directly across the street from 7 miles of beautiful beach and Atlantic Ocean. Most units have kitchenettes and all come fully furnished. Two hot tubs, large inground pool. storage sheds and maintenance rooms, large basement with commercial laundry set up, and coin op laundry. Many upgrades including new roof, paving, siding, electrical, plumbing, motel room updates including flat screen TVs, pool upgrades and many more - see broker for full list of updates and FF&E included in sale price. Beautiful 3 BD, 1+ BA owners apartment with marsh views, granite kitchen, jetted tub, hardwood floors and large deck and sunporch. Nothing to do at this property as it is truly turn key investment. Also listed with sister property Sir Charles Motel for package price of $3,700,000.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 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, Funtown/Splash Town, Aquaboggan, Cinemagic, and many others
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 1962
Year Renovated: 2015
Roof Type: Arched
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
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,775 19,283 49,423
Median Age: 45.69 46.04 42.46
Households: 1,416 8,810 21,171
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