For Sale
$695,000

1041 Us-201 Caratunk, ME 04925

Profitable B&B, 14 Beds, 7 Acres

Overview

Added:
Dec 11, 2024
Days on market:
135
This meticulously maintained, profitable bed and breakfast inn, built in 1816 and extensively renovated, presents a rare investment opportunity. Located in Caratunk, Maine, on 7 acres, this three-story, three-building property boasts 7,000 square feet and offers 14 guest rooms with 6 guest bathrooms. Owner's quarters with a private bath and a third-floor staff room are included. The inn is ideally situated approximately one mile from the Appalachian Trail, providing a convenient stop for hikers. Its proximity to the Kennebec and Dead Rivers, popular for whitewater rafting, and various outdoor recreational opportunities, including ATV and snowmobile trails, ensures a consistent stream of guests. A public boat launch on Wyman Lake is just half a mile away. The sale includes extensive personal property and equipment, allowing for seamless business continuation after purchase. The inn has been a vibrant and profitable business, offering a unique blend of history, comfort, and outdoor adventure. This is a turnkey operation with significant potential for continued growth and success. The asking price is $695,000.

Highlights

  • $695,000 asking price for this hospitality investment opportunity.
  • 7,000 square feet, offering 14 beds across three buildings on a 7-acre lot.
  • Historic 1816 Inn, extensively renovated in the 1990s and updated since 2012.
  • Located in Caratunk, ME, near the Appalachian Trail, Kennebec River, and various outdoor recreational activities.
  • Fee simple ownership.

Property Details for 1041 Us-201

Property type
Hospitality properties, Hotels
Square Feet
7,000 SF
Year Built/Renovated
1816/5
Buildings
3
Stories
3
Lot Size (sq. ft)
304,920 SF

Location Insight

City
Caratunk
County
Somerset
State
Maine
Latitude
45.219185088253
Longitude
-69.987908686956

FAQs

What type of property is this?
Hospitality property - Profitable B&B, 14 Beds, 7 Acres
Where is the hospitality property located?
The property is located at 1041 Us-201 Caratunk, ME.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: $695,000 asking price for this hospitality investment opportunity.; 7,000 square feet, offering 14 beds across three buildings on a 7-acre lot.; Historic 1816 Inn, extensively renovated in the 1990s and updated since 2012.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1041 Us-201
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