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    2185 St John Rd Saint John Plantation, ME 04743

    For Sale
    $549,000

    Maine Motel, 16 Keys, High ROI

    Property size:
    10,989 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 50.7-acre Maine hospitality property, located at 2185 St John Rd in Saint John Plantation (zip code 04743), presents a lucrative investment opportunity. The property includes a motel with 16 fully equipped rooms and 22 permitted RV sites, situated on prime river frontage with stunning views of the Canadian hills. Six buildings, totaling 10,989 square feet, comprise the complex, built between 1980 and 1990. Recent renovations and upgrades exceeding $275,000 have enhanced the property's appeal and functionality. The property boasts a lodge featuring a bar, dance area, and stage, along with additional facilities that include a restaurant and laundry. The asking price is $549,000, representing a price per key of $34,312.50 and a price per square foot of $49.96. The property's strong financial performance is reflected in a pro-forma NOI of $162,000 and a pro-forma cap rate of 29.51%. The property is zoned B and offers significant potential for rental income and revenue generation from the lodge's amenities. This unique offering combines motel and RV park operations with the potential for further development, making it an ideal investment for those seeking a high-return property in a picturesque setting. The property is offered with 100% ownership.

    Property Features for 2185 St John Rd

    General Information

    Property type
    Motels
    Square Feet
    10,989 SF
    Lot Size
    2,208,492 SF

    Building Details

    Year Built
    1980
    Buildings
    6
    Stories
    1

    HighLights

    • 50.7‑acre Maine hospitality property with river frontage and Canadian hill views.
    • 16‑room motel and 22 RV sites on 10,989 SF of improved land (six buildings).
    • Recent renovations exceeding $275,000.
    • Includes lodge with bar, dance area, stage, restaurant, and laundry facilities.
    • Asking price: $549,000; $34,312.50 per key; $49.96 per square foot; Pro‑forma NOI: $162,000; Pro‑forma cap rate: 29.51%.
    • B‑zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint John Plantation
    County
    Aroostook
    State
    Maine
    Longitude
    -68.7973368
    Latitude
    47.2144442

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    FAQs

    What type of property is this?
    Motel - Maine Motel, 16 Keys, High ROI
    Where is this motel located?
    The property is located at 2185 St John Rd Saint John Plantation, ME.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: 50.7-acre Maine hospitality property with river frontage and Canadian hill views.; 16-room motel and 22 RV sites on 10,989 SF of improved land (six buildings).; Recent renovations exceeding $275,000.
    Request Owner's contact information
    2185 St John Rd Saint John Plantation, ME 04743
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2185 St John Rd Saint John Plantation, ME 04743
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