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1931 US Route 1
Cape Neddick, ME 03902
dupe of PID 7047879 · Multifamily Property For Sale
·
4,165 SF
PROPERTY FACTS
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1959 |
| Building Class | C | Parking Ratio | 4.8/1,000 SF |
| Lot Size | 1.48 AC | Corridor | Exterior |
| Building Size | 4,165 SF | ||
| Zoning | R1-6 | ||
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.48 AC |
| Building Size | 4,165 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 4.8/1,000 SF |
| Corridor | Exterior |
| Zoning | R1-6 |
ABOUT 1931 US ROUTE 1 , CAPE NEDDICK, ME 03902
Exciting little motel opportunity with high volume traffic count and visibility. This 9 unit Inn boasts route 1 location and sits on the York/Ogunquit line. You cannot travel north into Ogunquit without passing this quaint little Inn. This property has a substantial lease in place for the next 2 years and yields a solid return for any buyer. This is a golden opportunity with generous cap rate already in place, day one! Updated electrical, plumbing since 2004 and roof redone in 2008. Bathrooms in the rooms were done over approximately 5 years ago and all tubs were replaced with shower stalls. The apartment unit has received Rinnai heat system and hot water in 2012 and 2013. Call listing broker for more info. A signed NDA will be required for additional financials and documentation requests.
PROPERTY TAXES
| Parcel Number | YORK-000100-000000-000014A | Improvements Assessment | $233,000 |
| Land Assessment | $497,500 | Total Assessment | $730,500 |
PROPERTY TAXES
