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Listed by Cromwell Coastal Properties • (207)208-9311
$937,500
9,962 SqFt
UPDATED:
Key Details
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Active
Square Footage 9,962 sqft
MLS Listing ID 1624585
HOA Y/N No
Annual Tax Amount $9,138
Tax Year 2024
Lot Size 5.750 Acres
Acres 5.75
Property Sub-Type Mixed Use
Source Maine Listings
Property Description
Endless Possibilities Await at The Pioneer Motel - A Rare Investment Opportunity on Bustling Route 1!
Step into a turn-key hospitality venture with The Pioneer Motel, a unique income-producing property nestled on 5.75 acres of prime real estate along highly visible and well-traveled Route 1. Whether you're an investor, entrepreneur, or visionary looking to expand, this property offers incredible potential for growth, creativity, and profit.
At the heart of the property is a spacious 2005 manufactured home (28x70), currently serving as both the motel office and a private residence. This comfortable and well-kept home features 3 bedrooms, 2 bathrooms, an office space, and a gated backyard complete with an above-ground pool—a perfect blend of business and personal comfort.
The 1985 garage (20x26) offers even more value with a rented second-floor apartment, generating immediate income.
The motel includes multiple efficiency units housed in several buildings:
• Rooms 1-4: A 28x88 ft building featuring four 1-bedroom efficiency apartments.
• Rooms 14-20: A 17x130 ft structure with four more 1-bedroom units (normal motel rooms), one fully finished efficiency apartment, and one additional unit currently under construction—offering instant expansion opportunity.
• Units 24-30: A 28x100 ft building containing five 1-bedroom efficiency apartments, one 2-bedroom efficiency unit, and one additional 1-bedroom unit (motel room), creating a diverse portfolio of rental options.
Multiple outbuildings provide ample storage for equipment and supplies, making operations seamless and efficient.
With plenty of open land and exceptional road frontage, the property invites future development or expansion. Capitalize on its strategic location and steady traffic flow for maximum visibility and endless potential.
Don't miss your chance to own this multi-faceted gem—The Pioneer Motel is ready for its next chapter. Will you be the one to write it?
Step into a turn-key hospitality venture with The Pioneer Motel, a unique income-producing property nestled on 5.75 acres of prime real estate along highly visible and well-traveled Route 1. Whether you're an investor, entrepreneur, or visionary looking to expand, this property offers incredible potential for growth, creativity, and profit.
At the heart of the property is a spacious 2005 manufactured home (28x70), currently serving as both the motel office and a private residence. This comfortable and well-kept home features 3 bedrooms, 2 bathrooms, an office space, and a gated backyard complete with an above-ground pool—a perfect blend of business and personal comfort.
The 1985 garage (20x26) offers even more value with a rented second-floor apartment, generating immediate income.
The motel includes multiple efficiency units housed in several buildings:
• Rooms 1-4: A 28x88 ft building featuring four 1-bedroom efficiency apartments.
• Rooms 14-20: A 17x130 ft structure with four more 1-bedroom units (normal motel rooms), one fully finished efficiency apartment, and one additional unit currently under construction—offering instant expansion opportunity.
• Units 24-30: A 28x100 ft building containing five 1-bedroom efficiency apartments, one 2-bedroom efficiency unit, and one additional 1-bedroom unit (motel room), creating a diverse portfolio of rental options.
Multiple outbuildings provide ample storage for equipment and supplies, making operations seamless and efficient.
With plenty of open land and exceptional road frontage, the property invites future development or expansion. Capitalize on its strategic location and steady traffic flow for maximum visibility and endless potential.
Don't miss your chance to own this multi-faceted gem—The Pioneer Motel is ready for its next chapter. Will you be the one to write it?
Location
State ME
County Lincoln
Zoning GCD
Exterior
Parking Features 21+ Spaces, On Site
Utilities Available 1
View Y/N No
Building
Lot Description Other Location
Sewer Private Sewer
Water Private
Others
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1624585
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