Hotel & Motel Property For Sale - Dexter Motor Lodge

394 Corinna Rd, Dexter, ME, 04930

 
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Hotel & Motel For Sale
Dexter, ME
Maine

Dexter Motor Lodge

 

394 Corinna Rd

Dexter, Maine 04930
County: Penobscot
 
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  For Sale Off-Market  
Property Use Type:Business For Sale
Type:Hotel & Motel
Full Service
No. Rooms:19
Building Size:10,000 SF
Lot Size:5.50 Acres
Price:N/A
Price/Room:N/A
Year Built:1959
Date Last Verified:8/1/2007
Property ID:15267899
 
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 Additional Information 

Property Description:
motel,lounge,fuction hall 360 person capacity 19 rentable hotel rooms full commercial kitchen on 5 acre lot

Location Description:
12 miles from interstate 95, 30 miles south of Moosehead lake region, right on main road in Dexter Maine, 1 mile from downtown Dexter

Parking Ratio:99.99 / 1,000 SF
 Highlights 
•beautiful full dining room•right on main road
 
•150 parking spaces•fully operational commercial kitchen
 
•full 360 person function hall•3 bedroom owner operator appartment attached
  Financial Summary   
No Cash Flow Information Provided
 
  Room Mix Information
motel rooms
No. Rooms: 19
Avg. Rate: $64
 
 
  Debt & Equity Information
Debt Type:Existing
Loan Amount:$400,000
Interest Rate:12.50%
Amortized Over:20
Due In:17
Down Payment:$57,000
 
Loan Description:
Private lender for 400 thousand for a period of 20 years of whitch has been paid on for three years intest only payments for the last three years value of property is well over 550,000 so good equity.
8/1/2007


The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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