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Northern Maine Hotel 116 Main St 112 Room Hotel Presque Isle, ME 04769 $3,250,000 ($29,018/Room)
INVESTMENT HIGHLIGHTS
- 112 Guest Rooms and Extended Stay Suites
- 100+ Seat Fully Equipped Restaurant
- 40 Seat Restaurant with Casual Lounge
- Capital improvements including guest rooms, lobby and entrance in 2023 and 2024
- Spacious Sports Bar
- Sprinkler system was updated to meet local requirements
PROPERTY FACTS Under Contract
| Price | $3,250,000 | Lot Size | 4.82 AC |
| Price Per Room | $29,018 | Building Size | 56,000 SF |
| Sale Type | Investment | No. Rooms | 112 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1973/2024 |
| Property Subtype | Hotel | Parking Ratio | 1.43/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | Business - Commercial zoning | ||
| Price | $3,250,000 |
| Price Per Room | $29,018 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.82 AC |
| Building Size | 56,000 SF |
| No. Rooms | 112 |
| 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
Interior Corridor Hotel offers a unique blend of comfortable guest rooms with modern amenities, strategic location, and strong market potential. Over 100 guest rooms and with recent renovations to 56 keys, along with additional property improvements to enhance the overall guest experience and operational efficiency. The hotel's restaurant and lounge facilities can be easily re-opened, providing additional income streams. Another significant opportunity exists for franchise affiliation with a national hotel chain, which would greatly enhance the hotel's occupancy and revenue potential. This investment positions a new owner to capitalize on the region’s expanding tourism and business sectors. The hotel is situated on 5+/- acres and enjoys prominent visibility located on US Route 1. The property has easy access to snowmobile trails (ITS83A), lakes, and other recreational activities. It is also near downtown Presque Isle, Presque Isle International Airport, and UMaine at Presque Isle Campus (within 500 feet).
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $157.00 | - |
| Guest Room | 110 | $105.00 | - |
PROPERTY TAXES
| Parcel Number | PREE-000010-000127-000116 | Improvements Assessment | $1,182,300 |
| Land Assessment | $149,200 | Total Assessment | $1,331,500 |
PROPERTY TAXES
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Northern Maine Hotel | 116 Main St
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