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Listed by Keller Williams Realty
$850,000
16,772 SqFt
UPDATED:
Key Details
Property Type Commercial Sale
Sub Type General Commercial
Listing Status Active
Square Footage 16,772 sqft
MLS Listing ID 1643748
HOA Y/N No
Year Built 1959
Annual Tax Amount $15,208
Tax Year 2022
Lot Size 5.130 Acres
Acres 5.13
Property Sub-Type General Commercial
Source Maine Listings
Land Area 16772
Property Description
The Gateway Motel presents a rare value-add lodging opportunity in the heart of Maine's St. John Valley. The property includes 33 rentable guest rooms, an on-site restaurant with a full commercial kitchen, and an attached 3-bedroom owner's residence, offering convenience and operational efficiency for an owner-operator.
An additional 12 units are not currently rentable, requiring full renovation—providing meaningful upside for a buyer looking to expand room count and reposition the asset.
The property benefits from excellent visibility, ample parking, and several demand drivers in the region, including outdoor recreation and local workforce travel. While current operations are limited, the Gateway Motel offers a solid foundation for new ownership to modernize, rebrand, and capture the area's lodging needs.
An additional 12 units are not currently rentable, requiring full renovation—providing meaningful upside for a buyer looking to expand room count and reposition the asset.
The property benefits from excellent visibility, ample parking, and several demand drivers in the region, including outdoor recreation and local workforce travel. While current operations are limited, the Gateway Motel offers a solid foundation for new ownership to modernize, rebrand, and capture the area's lodging needs.
Location
State ME
County Aroostook
Zoning Rural Farm & Forest
Exterior
Parking Features 21+ Spaces, On Site, Paved
View Y/N No
Roof Type Metal
Building
Lot Description Other Location
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