Property profile

393 Bath Rd Brunswick, ME 04011

OFF-MARKET
Investment properties
Property ID
US42-0225450
1,966 SF 14 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 14-acre mixed-use property in Brunswick, ME, presents a lucrative investment opportunity. Located on Bath Road, between Cooks Corner and Bath, this high-traffic location boasts 22 units currently operating as a licensed motel. The property includes a two-unit main house, a three-unit building, a single-family home, and a storage/workshop building, in addition to eight motel-style units. A significant portion of the property features expansive lawns and a small pond, offering a tranquil country setting despite its convenient location. Extensive renovations have been completed on the exteriors of all buildings, with the majority of interiors also updated, including furnishings, plumbing, and electrical systems. The property currently generates positive cash flow from a mix of weekly and monthly tenants. A wooded area on the property offers the potential to construct an additional single-family home, while the ample land provides significant opportunity for expansion of the motel units. This property is ideal for both seasoned commercial investors seeking a strong return and entrepreneurs looking to establish or expand their business. The existing infrastructure and recent renovations minimize immediate capital expenditures, allowing for a quick return on investment. Serious inquiries only

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 1,966 SF
Lot 14 ac (609,840 SF)
APN BRUN M:046 L:011
UPID US42-0225450

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

393 Bath Rd Brunswick, ME 04011-2633
Brunswick metro Census 11100 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.17M

Owner & transaction history

since 2023
Last sale
$1.2M
2 recorded transactions
2023
$1.2M
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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