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Dynamic Property on Ideal Rt. 1 & 27 Corner Lot

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Location

  • CityNot Disclosed
  • State Maine
  • CountryUnited States

Not Relocatable

Real Estate Included

Financials

  • Asking Price
  • Sales
  • Profits
  • Profit Type
  • Fiscal Year

Deal Terms

  • Business Is A Franchise?
  • Finders Fee Payable by Buyer?
  • Principals Only?
  • Willing To Co-Broker?

Presented is a unique commercial property located at the gateway to the Boothbay Harbor Region. With 955' of frontage on both US Rt. 1 & Rt. 27 (a.k.a. Boothbay Road), this site literally corners the market for local and visitor traffic to popular Boothbay Harbor. In addition, the property boasts exposure to another well traveled destination ~ the village of Wiscasset is just a mile down Rt. 1.

Offering a dynamic array of structures, this property has potential for use in its current layout, but also possesses a critical site location that would warrant re-development, of which condotel seems appropriate.

Cloaked in an old growth forest of birch & oak, 14 seasonal cottages are located on the upper portion of the 5.6 acre parcel. Formerly Bayview Cottages, the setting is beautifully naturalized and has a distinct "rustic Maine" feel.

All of the cottages have private bathrooms with skylights & all but one of the cottages has a deck. The cottages convey furnished and are in need of maintenance, both inside & out, before being rented again. There are very attractive views to Sheepscot River & the village of Wiscasset from several of the front cottages.

Lower down on Rt. 1, there is a smaller commercial building that has a seasonal lease with the Boothbay Harbor Region Chamber of Commerce. Many uses, both current or re-developed are viable because of the highly desirable location.

Behind the commercial building is a duplex res. rental building. Tenants are in place for both units on a month to month lease. The duplex & its pool are in need of maintenance.

The property has one road opening on Rt. 27 and several on Rt. 1. Siting & visibility capitalizes on extremely high Rt. 1 traffic counts. 2008 MDOT reports site over 6 million vehicles passing by. Desirability of site & multi-use Thoroughfare District zoning offer strong re-use & development potential.

There are lots of photos, videos & information available to view on the property's website.

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