4 S Main St, Solon, ME 04979

Property Details for 4 S Main St

Property type

Hotels

Description

This exceptional investment opportunity presents a historic hotel, restaurant, and bar located in Solon, Maine, at 4 S Main St, 04979. The property boasts a newly renovated, 4,000-square-foot restaurant and bar, complete with a function hall, ideally situated in a high-traffic area. This mixed-use property currently operates a thriving restaurant and bar, generating significant revenue. The upper floors house twelve hotel rooms, currently awaiting renovation. Upon completion, these rooms are projected to generate an additional $59,520 per month in revenue, based on an occupancy rate of 80% and a nightly rate of $199 per room. The function hall provides further revenue streams through private event rentals, including weddings, proms, birthdays, and corporate retreats. The property consists of 20 units in total. Detailed financial information and further specifics are available upon execution of a non-disclosure agreement. This is a motivated seller situation, presenting a unique chance to acquire a well-established business with significant upside potential in a desirable location. The property's historical significance and prime location combine to create a compelling investment opportunity. Don't miss this chance to own a piece of Maine history and capitalize on its substantial earning potential.

Location Insight

City

Solon

County

Somerset

State

Maine

Longitude

-69.859173775998

Latitude

44.949255603208