116 Main St, Presque Isle, ME 04769-2871

This 112-key Northern Maine hotel, built in 1973 and extensively renovated in 2024, presents a compelling investment opportunity. Located on over 5 acres at 116 Main St, Presque Isle, ME 04769, this property boasts a prominent US Route 1 location, offering exceptional visibility. Recent renovations, completed in 2023 and 2024, encompass 56 guest rooms, along with lobby and entrance upgrades. Improvements include new flooring, paint, and some new furnishings, in addition to the replacement of all guest room windows. The hotel features a fully equipped 100+ seat restaurant, a spacious sports bar with a projection screen and pool tables, and a 40-seat restaurant with a casual lounge. The sprinkler system has been updated to meet local codes. The hotel's strategic location provides easy access to snowmobile trails (ITS83A), lakes, and other recreational activities. It's also within 500 feet of downtown Presque Isle, Presque Isle International Airport, and the University of Maine at Presque Isle campus. The property is zoned for business use and offers significant potential for franchise affiliation with a national hotel chain, further enhancing occupancy and revenue. This hotel is poised to capitalize on the region's growing tourism and business sectors. The asking price is $3,250,000.