11 Inn Rd Hallowell, ME 04347

Property Details for 11 Inn Rd

Lot size

31.20 lot acres

Property size

22,158 SF

Property type

Hotels

APN

Hallowell Map 018 Lot 004

Description

This exceptional Maine hospitality property, Maple Hill Farm Inn and Conference Center, presents a rare investment opportunity. Priced at $4,195,000, it boasts a 13.15% cap rate based on net operating income (NOI), offering a strong return. The 22,158 square foot property sits on 31.2 acres of land and includes three buildings, constructed in 1906, 2001, 2003, and 2004, with renovations completed in 2001. The property features eight unique guest rooms with private baths, some with fireplaces and private decks, and substantial event spaces totaling 3,428 square feet (plus potential for a 2,250 square foot tent). A large commercial kitchen capable of serving up to 300 meals supports the inn's thriving event business, which accounts for roughly two-thirds of its revenue. The remaining third comes from overnight accommodations. The property also includes a 6,670 square foot barn, 84 parking spaces, and a three-bedroom owner's/manager's quarters, eliminating housing costs. The property's central location, four miles from I-95 and minutes from downtown Hallowell, provides easy access to Augusta and the entire state. Sustainable features include a wind turbine, solar power, and EV chargers. This turnkey operation, with a 30+ year client list, is offered by the owners due to retirement. The property is zoned Rural Farm and includes APN Hallowell Map 018 Lot 004. An adjacent property is also available for purchase separately.