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Ne'r Beach Motel Route 1 44 Room Hotel Moody, ME 04054 $4,700,000 ($106,818/Room)
Investment Highlights
- Recent renovations to guest rooms, suites and efficiencies
- New sprinkler system for lawns and landscaping
- Recent improvements include new HVAC mini-splits in guest rooms for improved heating and air conditioning
Executive Summary
Ne’r Beach Motel is strategically located halfway between the vibrant communities of Ogunquit and Kennebunkport. This unique resort motel is an ideal investment opportunity for an owner/operator to benefit from an income property while enjoying the Maine Inn-keeping lifestyle.
Strategically located on U.S. Route 1 the location provides excellent visibility to the resort complex and easy transportation via the trolley to shops, restaurants, area attractions, and Amtrak’s train from Boston to Portland. The property is close to Moody/Ogunquit Beach and has easy access to the Maine Turnpike (Wells Exit) and other popular area beaches.
Strategically located on U.S. Route 1 the location provides excellent visibility to the resort complex and easy transportation via the trolley to shops, restaurants, area attractions, and Amtrak’s train from Boston to Portland. The property is close to Moody/Ogunquit Beach and has easy access to the Maine Turnpike (Wells Exit) and other popular area beaches.
Property Facts
| Price | $4,700,000 | Building Size | 15,900 SF |
| Price Per Room | $106,818 | No. Rooms | 44 |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1975/1995 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.02/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.66 AC | ||
| Zoning | GB - MOTELS MDL-01 | ||
| Price | $4,700,000 |
| Price Per Room | $106,818 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.66 AC |
| Building Size | 15,900 SF |
| No. Rooms | 44 |
| No. Stories | 1 |
| Year Built/Renovated | 1975/1995 |
| Tenancy | Single |
| Parking Ratio | 1.02/1,000 SF |
| Corridor | Exterior |
| Zoning | GB - MOTELS MDL-01 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
- Multi-Room Suites
About ROUTE 1 , MOODY, ME 04054
Property Highlights: 47 units include motel units, suites, efficiencies, and four apartments Large heated pool with an attractive patio Owner’s home with three bedrooms 2.43 acres of well-landscaped grounds with beautiful gardens, patios, and a barbecue area with grills for guest use Great route one visibility with excellent curb appeal Nearby to beaches, restaurants, shopping, and area attractions Trolley stop at the property to Wells and Ogunquit Ample on-site parking
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $91.00 | - |
| Guest Room | 42 | $73.00 | - |
1 1
Property Taxes
| Parcel Number | WLLS-000110-000000-000015 | Improvements Assessment | $1,728,910 |
| Land Assessment | $746,590 | Total Assessment | $2,475,500 |
Property Taxes
Parcel Number
WLLS-000110-000000-000015
Land Assessment
$746,590
Improvements Assessment
$1,728,910
Total Assessment
$2,475,500
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