Pamola Motor Lodge
New
For Sale
$770,000
973 Central St, Millinocket, ME 04462
A 24-room property with restaurant and tavern space occupies a 4.6-acre site in Millinocket.
Property Size14,660 SF
Price / SF$52.52
Days on Market3
Property Features for 973 Central St
General Information
Standard status
Active
Size
14,660 SF
Building Details
Year Built
1958
Listing Agency:
CENTURY 21 Queen City Real Estate
Listed By:
Dustin Bulley · License #926386,PersonLicenseNumber
(207) 595-2324
Source:
Aroostookrealestate
Added: Oct 4
Last Checked: Oct 5 at 8:11PM
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 CENTURY 21 Queen City Real Estate
Investment Insights
Based on property information with market context.
Pamola Motor Lodge is a 24-room motel with both interior and exterior corridors, plus restaurant and tavern space. Built in 1958, the property sits on 4.6 acres along Central Street in Millinocket. The current owner acquired it in 2024 while it was closed and vacant, then replaced carpeting throughout and entered into a new lease with a bar and tavern operator. The restaurant has been occupied by the same tenant for decades and remains leased.
The existing layout includes a vending area in the main building and three detached structures at the rear that serve as a campground bathhouse. These spaces could be adapted to guest-room use, bringing the potential room count to 28. The site is in Millinocket, identified as a gateway community to Baxter State Park, Katahdin Woods & Waters National Monument, and the northern end of the Appalachian Trail.
The existing layout includes a vending area in the main building and three detached structures at the rear that serve as a campground bathhouse. These spaces could be adapted to guest-room use, bringing the potential room count to 28. The site is in Millinocket, identified as a gateway community to Baxter State Park, Katahdin Woods & Waters National Monument, and the northern end of the Appalachian Trail.
Key Highlights
- 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
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
38k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 24%
Shops & Services 21%
Home Improvements & Furnishings 15%
Hannaford
Groceries
9,261 visits/mo
0.3 miles
McDonald's
Dining
8,366 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
5,696 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,400 visits/mo
0.5 miles
Dollar General
Shops & Services
4,071 visits/mo
0.5 miles
Demographics for 04462, ME
4,411
Population
3,302
Households
1.3
Avg Household Size
56
Median Age
20%
College-Educated
96%
High-School Grad
702.8 sq mi
ZIP Area
6
Density / Sq Mi
$44,167
Median Household Income
$23,295
Median Earnings
$553
Median Rent
$89,700
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Katahdin Inn and Suites — 740 Central St, Millinocket, ME 04462
- Baxter Park Inn — 935 Central St, Millinocket, ME 04462
- Pamola Motor Lodge — 973 Central St, Millinocket, ME 04462
Frequently Asked Questions
What type of property is this?
Motel - A 24-room property with restaurant and tavern space occupies a 4.6-acre site in Millinocket.
Where is this motel located?
The property is located at 973 Central St Millinocket, ME.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: 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
