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7-Suite Hotel with Restaurant
For Sale
$1,299,000

55 Oak Street, Boothbay Harbor, ME 04538

Guest lodging is complemented by an on-site restaurant and bar in a commercially zoned property.

Property Size6,561 SF
Price / SF$197.99
Days on Market727

Property Features for 55 Oak Street

General Information

Standard status Active
Size 6,561 SF
Property subtype Commercial
Zoning COMMERCIAL

Additional Details

Patio Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $7,301

Building Details

Building Size 6,561 SF
Year Built 1864
Stories 3
Listing Agency: Pouliot Real Estate
Listed By: Max Ross
Source: Amerorealty
Added: Nov 4, 2024 Changed: Oct 31 Last Checked: Oct 31 at 2:15PM

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 Pouliot Real Estate

Rey
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Investment Insights

Based on property information with market context.

The Thistle Inn is an 1864-built hotel with 6,561 square feet and seven guest suites. Its food-and-beverage component includes a full-service restaurant and bar, with seating for approximately 60 indoors and 50 outdoors. One suite is identified as suitable for owner quarters.

The property is on Oak Street in Boothbay Harbor, steps from the town center and Opera House. The Coastal Maine Botanical Gardens and Boothbay Harbor Country Club are also cited among nearby attractions.

Key Highlights

  • Seven guest suites in an 1864‑built, 6,561‑square‑foot hotel
  • Full‑service restaurant and bar with approximately 60 indoor seats
  • Outdoor dining area with approximately 50 seats

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Thistle Inn Restaurant Restaurant The First Bank ATM Atm

Suggested Use

Top Pick Auto Repair Shop Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

474
Businesses Nearby
16k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 68% Shops & Services 32%
Hannaford Groceries
10,758 visits/mo 0.4 miles
Family Dollar Shops & Services
2,610 visits/mo 0.5 miles
H&R Block Shops & Services
1,016 visits/mo 0.4 miles
Bangor Savings Bank Shops & Services
883 visits/mo 0.4 miles
Carquest Auto Parts Shops & Services
445 visits/mo 0.2 miles

Demographics for 04538, ME

1,729
Population
1,826
Households
0.9
Avg Household Size
62
Median Age
45%
College-Educated
91%
High-School Grad
4.5 sq mi
ZIP Area
384
Density / Sq Mi
$60,000
Median Household Income
$27,137
Median Earnings
$727
Median Rent
$369,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Hotel - Guest lodging is complemented by an on-site restaurant and bar in a commercially zoned property.
Where is this hotel located?
The property is located at 55 Oak Street Boothbay Harbor, ME.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Seven guest suites in an 1864‑built, 6,561‑square‑foot hotel; Full‑service restaurant and bar with approximately 60 indoor seats; Outdoor dining area with approximately 50 seats
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