2185 St John Rd Saint John Plantation, ME 04743
- Hospitality properties
- 10,989 SF
- 50.70 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 2185 St John Rd
- Year built
- 1980
- Lot size
- 50.70 lot acres
- Property size
- 10,989 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint John Plantation
- County
- Aroostook
- State
- Maine
- Longitude
- -68.7973
- Latitude
- 47.2144
