Hospitality

Millinocket, ME Hospitality Properties for Sale

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East Millinocket, ME Grindstone Twp, ME Woodville, ME Herseytown Twp, ME Molunkus Twp, ME Mattawamkeag, ME Chester, ME Seboeis Plt, ME
Motor Lodge with Tavern
Updated: Oct 1
Motor Lodge with Tavern

973 Central Street, Millinocket, ME 04462

$770,000
14,660 sqft 4.60 AC lot
24‑room motor lodge on 4.6 acres
14,660‑square‑foot property with tavern and restaurant space
Three detached rear units currently function as a campground bathhouse
Restaurant space has been leased to the same tenant for decades
HC zoning; public water and public sewer
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Pamola Motor Lodge Motel
Updated: Oct 4
Pamola Motor Lodge Motel

973 Central St, Millinocket, ME 04462

$770,000
14,660 sqft
24‑room motel with interior and exterior corridors
4.6‑acre site on Central Street in Millinocket
Restaurant space has been leased to the same tenant for decades
New lease in place with a bar and tavern operator
Vending area and three detached bathhouse structures could support a total of 28 rooms
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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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2 active listings match your search: Hospitality for sale in Millinocket, ME. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

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

Waterfront Resort with Guest Cabins
Waterfront Resort with Guest Cabins

6 Waterfront Drive, Weston, ME 04424

$2,250,000
11,080 sqft 5.63 AC lot

Established hospitality property with lodge facilities, guest cabins, tackle shop, dining, and direct lake access.

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Lakefront Resort with Cabins
Lakefront Resort with Cabins

1174 Cove Rd, Seboeis Plt, ME 04448

$944,900
7,000 sqft 5.90 AC lot

A furnished lodge, guest cabins, recreation space, and seasonal docks support lodging and group stays on South Branch Lake.

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Waterfront Sporting Resort
Waterfront Sporting Resort

1174 Cove Road, Seboeis Plt, ME 04448

$944,900
7,000 sqft 5.90 AC lot

Historic lakefront compound with furnished cabins, a main lodge, recreation facilities, and seasonal dock systems.

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Lakeside Fishing Lodge
Lakeside Fishing Lodge

6 Waterfront Dr, Weston, ME 04424

$2,250,000
11,080 sqft

Established resort with guest cabins, on-site dining, a tackle shop, and access to recreational trails.

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Millinocket, ME Hospitality Properties Market Trends and Statistics

Explore 2 hospitality properties for sale in Millinocket, ME on our real estate platform. These investment opportunities span a total of 29,320 square feet of properties for sale, with an estimated market value of $1,540,000.

Sale prices for hospitality properties in Millinocket, ME average $770,000 — 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

Motels 2

Demographics Overview

Population 4,462
Population Growth (5Y) -3.4%
Median Household Income $44,167
College Educated 26.4%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
04462 $770K

Taxes & Financing

Tax Rate (average for all types) 2.91%
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Penobscot County

New Delisted

Total CRE Inventory on Market (SF)

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