Lakefront Resort with
New
For Sale
$944,900
1174 Cove Rd, Seboeis Plt, ME 04448
A furnished lodge, guest cabins, recreation space, and seasonal docks support lodging and group stays on South Branch Lake.
Property Size7,000 SF
Lot Size5.90 Acres
Price / SF$134.99
Days on Market4
Property Features for 1174 Cove Rd
General Information
Standard status
Active
Size
7,000 SF
Lot size
5.90 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Amenities
knotty pine interiors
heating
half baths
screened porches
commercial kitchen
dining area
tackle shop
guest suites
recreation center
pool tables
poker tables
foosball tables
shower houses
dock house
garage
outbuildings
lakeside firepit
seasonal dock systems
boats
canoes
kayaks
Building Details
Year Built
1920
Stories
2
Listing Agency:
Realty of Maine
(207) 310-8592
Listed By:
Carol Kline
Source:
Klinerealtygroup
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty of Maine
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Investment Insights
Based on property information with market context.
This 5.9-acre resort occupies a peninsula with 1,677 feet of shoreline on South Branch Lake. Eleven furnished cabins feature knotty pine interiors, heating, half baths, and screened porches; the three largest also have full kitchens. The 2,600-square-foot furnished lodge includes a commercial kitchen, dining area, screened porch, tackle shop, and two guest suites. Other improvements include a recreation center, two shower houses, a dock house, garage, and outbuildings. Three seasonal dock systems and boats, canoes, and kayaks are included.
The property is 45 minutes from Bangor and 15 minutes from Interstate 95. South Branch Lake is described as a spring-fed glacial lake known for bass fishing. The listing notes the camp was established in 1898; the property record gives a 1920 construction year.
The property is 45 minutes from Bangor and 15 minutes from Interstate 95. South Branch Lake is described as a spring-fed glacial lake known for bass fishing. The listing notes the camp was established in 1898; the property record gives a 1920 construction year.
Key Highlights
- 5.9‑acre peninsula with 1,677 feet of South Branch Lake shoreline
- 11 furnished cabins; the three largest include full kitchens
- 2,600‑square‑foot lodge with commercial kitchen, dining area, tackle shop, and two guest suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,134
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,680
$842.7K
Cap Rate 7%
$601,914
$601.9K
Cap Rate 9%
$468,156
$468.2K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$100.8K $14.40/SF
− Vacancy
−$12.1K −$1.73/SF
EGI
$88.7K $12.67/SF
− OpEx
−$46.6K −$6.65/SF
NOI
$42.1K $6.02/SF
Area
Penobscot County, ME
Vacancy
12.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,680
Cap Rate 7%
$601,914
Cap Rate 9%
$468,156
Alternative Uses
Best Use
Hotel Hospitality
$601.9K
$526.7K – $702.2K
NOI $42,134 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,256 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 04448, ME
1,265
Population
692
Households
1.8
Avg Household Size
52
Median Age
14%
College-Educated
92%
High-School Grad
93.9 sq mi
ZIP Area
13
Density / Sq Mi
$48,958
Median Household Income
$34,444
Median Earnings
$938
Median Rent
$115,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Resort - A furnished lodge, guest cabins, recreation space, and seasonal docks support lodging and group stays on South Branch Lake.
Where is this resort located?
The property is located at 1174 Cove Rd Seboeis Plt, ME.
What is the asking price?
The asking price for this property is $944,900.
What are key features of this property?
This property features: 5.9‑acre peninsula with 1,677 feet of South Branch Lake shoreline; 11 furnished cabins; the three largest include full kitchens; 2,600‑square‑foot lodge with commercial kitchen, dining area, tackle shop, and two guest suites
