Hospitality

Andover, ME Hospitality Properties for Sale

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Historic Bed & Breakfast Estate
Updated: Jul 11
Historic Bed & Breakfast Estate

10 S Arm Road, Andover, ME 04226

$1,620,000
9,600 sqft 126.00 AC lot
126‑acre Western Maine estate with six acres of lawns, trails, and mountain views
9,600‑square‑foot main residence with 16 bedrooms and 7 bathrooms
Great Hall, formal dining room, caretaker’s cottage, garages, and workshop space
Three‑season overnight capacity of up to 32 guests; four‑season capacity of up to 12
200‑amp electrical service, updated plumbing, private water, and private sewer
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Historic Mountain Resort Estate
Updated: Jul 21
Historic Mountain Resort Estate

10 South Arm Rd, Andover, ME 04226

$1,800,000
9,600 sqft 126.00 AC lot
9,600‑square‑foot estate situated on 126 acres in Western Maine
Main residence includes 16 bedrooms, 7 bathrooms, a formal dining room, and a Great Hall
Three‑season occupancy of up to 32 overnight guests with partial heating
Four‑season lodging for up to 12 overnight guests across 6 bedrooms
200‑amp electrical service and updated plumbing
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 2 Active listings in Andover, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 14 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Bed & Breakfast
Historic Bed & Breakfast

32 Main Street, Bethel, ME 04217

$1,690,000
7,790 sqft 0.71 AC lot

Operating lodging property with an owner’s apartment, restaurant space, and commercial kitchen.

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Historic 14-Room Bed & Breakfast
Historic 14-Room Bed & Breakfast

32 Main St, Bethel, ME 04217

$1,690,000
7,790 sqft

Preserved Queen Anne Victorian with an owner’s apartment, commercial kitchen, and restaurant space for hospitality or live-work use.

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Historic 1904 Home with Income
Historic 1904 Home with Income

2 Bridge St, Milan, NH 03588

Contact for pricing
3,576 sqft

Historic 1904 home with long-standing rental income and charm.

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Campground and Mobile Home Park
Campground and Mobile Home Park

109 Colebrook Rd, Milan, NH 03588

$299,900
19.02 AC lot

Campground with water frontage plus mobile home park on 19.02 acres.

View details

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Cleared Commercial Land
Cleared Commercial Land

Eva D Lane lot: 4, Rangeley, ME 04970

$209,000
0.60 AC lot

Cleared commercial parcel with a drilled well, sewer access, and underground power.

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Off-Market Properties in Andover, ME

Consider similar Off-Market properties in Andover, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$245,000
768 sqft 0.37 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$255,000
672 sqft 5.50 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$230,000
0.50 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$240,000
594 sqft 1.80 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$235,000
21.00 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$230,000
408 sqft 5.20 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$240,000
129.00 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
by Request
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$245,000
102.00 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$235,000
294 sqft 0.50 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$245,000
918 sqft 50.60 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$250,000
960 sqft 5.40 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$245,000
520 sqft 11.00 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$240,000
195 sqft 150.00 AC lot
View details

Andover, ME Hospitality Properties Market Trends and Statistics

Explore 16 hospitality properties for sale in Andover, ME on our real estate platform. These investment opportunities span a total of 19,200 square feet of properties for sale, with an estimated market value of $3,420,000.

Sale prices for hospitality properties in Andover, ME start at $1,620,000, averaging $1,710,000, and reaching up to $1,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Resorts 2
Bed & breakfasts 1

Demographics Overview

Population 602
Population Growth (5Y) +62.3%
Median Household Income $44,583
College Educated 15.5%

High-Yield Neighborhoods for Investment

Identify Andover submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
East Andover - 04226 $1.9M

Taxes & Financing

Tax Rate (average for all types) 1.55%
Property Tax per SF $54.32 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Oxford County

New Delisted

Total CRE Inventory on Market (SF)

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