196 Us-1Bucksport, ME 04416

Property Details for 196 Us-1

Property size (Sq ft)

60,000 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional investment opportunity presents a newly renovated, 55-room motel ideally situated on US Route 1 in Bucksport, Maine. The property boasts a commanding presence with a wide frontage and three convenient entrances, ensuring easy access for guests. Ample parking is available in the large, on-site lot. The two buildings comprising the motel underwent a complete renovation in 2023, presenting a turnkey operation for a new owner. The total square footage is 60,000 square feet, offering significant potential for expansion or further development. The asking price is $2,000,000, translating to a price per square foot of $33.33. Located in Hancock County, at 196 US-1, Bucksport, ME 04416 (44.56943379, -68.77186693), this property is conveniently positioned for high traffic and visibility. While financial and revenue data are not currently available, the significant size and prime location make this a compelling opportunity for cash buyers seeking a strong foothold in the Maine hospitality market. The property's recent renovation minimizes immediate capital expenditure needs, allowing for a swift return on investment. The high number of rooms (55) provides a substantial base for immediate revenue generation. This is a rare chance to acquire a well-positioned, updated motel with significant upside potential.

Location Insight

City

Bucksport

County

Hancock

State

Maine

Latitude

44.5694

Longitude

-68.7719

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