69 Johnson St Lubec, ME 04652
- Hospitality properties
- 35,000 SF
- 1.46 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 69 Johnson St
- Year built
- 1910
- Lot size
- 1.46 lot acres
- Property size
- 35,000 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
The Inn on the Wharf, a charming oceanfront hotel in Lubec, Maine, presents a unique investment opportunity. This established hospitality business boasts 15 guest suites, including three spacious two-bedroom units with full kitchens, ideal for families. The property also includes the popular Fisherman's Wharf Restaurant, offering casual oceanfront dining with fresh seafood, a full bar, and outdoor seating. A versatile conference/event space caters to various gatherings. Additional amenities include a gift shop and a community room. The expansive 9,000 sq ft wharf and 6,000 sq ft warehouse/garage offer significant potential for expansion and additional revenue streams. Built in 1910 and renovated in 2010, the 35,000 sq ft property sits on a 1.46-acre lot at 69 Johnson St, Lubec, ME 04652. All furnishings, fixtures, and equipment are included in the asking price of $2,295,000. Seller financing may be available under certain conditions. This turnkey operation provides a rare chance to acquire a thriving coastal business with substantial growth potential. The current owners, after 18 years of successful operation, are ready to retire, presenting a seamless transition for a new owner. This is more than just a property
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubec
- County
- Washington
- State
- Maine
- Longitude
- -66.9902
- Latitude
- 44.862
