7 Water St Lubec, ME 04652

Property Details for 7 Water St

Lot size

0.06 lot acres

Property size

6,480 SF

Property type

Commercial real estate

Description

This exceptional waterfront Inn, located at 7 Water St, Lubec, ME 04652, presents a lucrative investment opportunity. Boasting a 23.74% cap rate and a substantial NOI of $267,110, this three-story, 6,480 sq ft property offers nine guest rooms, a fully operational restaurant, pub, and lounge. Six rooms enjoy stunning waterfront views, complemented by a spacious deck overlooking the picturesque Lubec harbor. The property includes 10 parking spaces and sits on a 0.06-acre lot. Renovated in 2007, the Inn benefits from recent equipment upgrades, ensuring efficient operations. The current configuration easily converts to a high-end bed and breakfast. The sale includes all furniture, fixtures, equipment, and inventory, allowing for immediate operation. Currently employing ten staff (with capacity for fifteen), the Inn's marketing strategy includes social media, a website, email marketing, and partnerships with Yankee Magazine and Maine Life TV. Significant revenue growth potential exists through expanded marketing, menu additions (breakfast and lunch), and enhanced reservation systems. The property's prime location in Lubec, near Campobello Island and Quoddy Point, attracts significant tourism. The Inn's manageable size and established reputation, coupled with its strong financial performance, make it an attractive acquisition for hospitality investors. The permitted zoning is 11 Residential.

Location Insight

City

Lubec

County

Washington

State

Maine

Longitude

-66.9838612

Latitude

44.861888