For Sale
$1,125,000

7 Water StLubec, ME 04652

Charming 9-room Inn with high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional waterfront Inn, located at 7 Water St, Lubec, ME 04652, presents a lucrative investment opportunity. Boasting a 23.74% cap rate and a substantial NOI of $267,110, this three-story, 6,480 sq ft property offers nine guest rooms, a fully operational restaurant, pub, and lounge. Six rooms enjoy stunning waterfront views, complemented by a spacious deck overlooking the picturesque Lubec harbor. The property includes 10 parking spaces and sits on a 0.06-acre lot. Renovated in 2007, the Inn benefits from recent equipment upgrades, ensuring efficient operations. The current configuration easily converts to a high-end bed and breakfast. The sale includes all furniture, fixtures, equipment, and inventory, allowing for immediate operation. Currently employing ten staff (with capacity for fifteen), the Inn's marketing strategy includes social media, a website, email marketing, and partnerships with Yankee Magazine and Maine Life TV. Significant revenue growth potential exists through expanded marketing, menu additions (breakfast and lunch), and enhanced reservation systems. The property's prime location in Lubec, near Campobello Island and Quoddy Point, attracts significant tourism. The Inn's manageable size and established reputation, coupled with its strong financial performance, make it an attractive acquisition for hospitality investors. The permitted zoning is 11 Residential.

Highlights

  • Exceptional waterfront Inn with a 23.74% cap rate and $267,110 NOI.
  • Three-story, 6,480 sq ft building with nine guest rooms, restaurant, pub, and lounge.
  • Six waterfront view rooms, spacious deck, and 10 parking spaces on a 0.06-acre lot.
  • Renovated in 2007 with recent equipment upgrades; includes all FF&E.
  • Strong financial performance, established reputation, and significant growth potential.

Property Details for 7 Water St

Property type
Hospitality properties
Square Feet
6,480 SF
Year Renovated
2007
Buildings
1
Stories
3
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Lubec
County
Washington
State
Maine
Latitude
44.861888
Longitude
-66.9838612
7 Water St, Lubec, Maine

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7 Water St
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