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- LoopNet Team
116 Main St
Presque Isle, ME 04769
Presque Isle Hotel · Hospitality Property For Sale
·
56,000 SF
INVESTMENT HIGHLIGHTS
- Strategically located on US Route 1
- 100 guest rooms, including extended-stay suites and on-site restaurant and banquet facilities
- Full-service interior corridor hotel
- Property features a popular sports bar, an indoor heated pool, and a well-equipped gym
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1973/2024 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 4.82 AC | Corridor | Interior |
| Building Size | 56,000 SF | ||
| Zoning | Business - Commercial zoning | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.82 AC |
| Building Size | 56,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2024 |
| Parking Ratio | 1.43/1,000 SF |
| Corridor | Interior |
| Zoning | Business - Commercial zoning |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 116 MAIN ST , PRESQUE ISLE, ME 04769
The Presque Isle Inn & Convention Center is a full-service interior corridor hotel that is available for acquisition immediately. The Inn features 100 guest rooms, including extended-stay suites and on-site restaurant and banquet facilities. Additionally, the property features a popular sports bar, an indoor heated pool, and a well-equipped gym. The property is situated on a five-acre parcel with ample on-site parking. The property is strategically located on US Route 1 and Presque Isle Main Street near the University of Maine Presque Isle campus. Demand drivers include recreational visitors with nearby lakes, snowmobiling trails, golf courses, and retail shopping plazas that attract Canadian business from nearby provinces. The Presque Isle Inn & Convention Center is closed due to unusual circumstances. However, a new owner has a significant opportunity to reposition the hotel and restaurant operation with modest capital improvements to develop a profitable operation competitive in the marketplace. The property represents a tremendous redevelopment opportunity for other uses, such as assisted living, a nursing home, or housing.
PROPERTY TAXES
| Parcel Number | PREE-000010-000127-000116 | Improvements Assessment | $1,182,300 |
| Land Assessment | $149,200 | Total Assessment | $1,331,500 |
PROPERTY TAXES
