Overview
LENDER ORDERED AUCTION! Discover a rare investment opportunity in Presque Isle, Maine. This value-add full-service lodging facility boasts 110+/- spacious and comfortable rooms, a restaurant, two bars, an indoor pool, fitness center, business center, gift shop, large conference facilities, guest laundry, and vending area. Sitting on a 4.82+/- acre parcel, this property is the perfect destination for travelers looking for convenience and comfort.
Located in the heart of Presque Isle, directly across from University of Maine – Presque Isle, guests will have easy access to all the local attractions, shopping, and dining options that the city has to offer. With an established community, Presque Isle is a great place to live and work, boasting a population of over 9,000 residents and a strong economy driven by healthcare, education, and retail.
Whether you’re an investor looking for a profitable investment, or a hotelier seeking a new business opportunity, this value-add, full-service lodging facility is the perfect choice. Some capital expenditure is needed to return this property and its rooms to full capacity and the facilities configuration would allow for updating and renovations while in operation.
Presque Isle is a great place to do business, making this property a smart investment for anyone looking to get into the lodging and hospitality industry. Don’t miss this opportunity to own a piece of the vibrant and thriving community of Presque Isle, Maine!
Michael B. Carey | ME AUC Lic. 1466 | ME RE Lic. #DB919594
Ruth P. L. Lind | ME AUC Lic. #1571 | ME RE Lic. #BA923350
Details
- Year Built
- 1973
- # of Floors
- 2
- # of Buildings
- 1
- Lot Size
- 4 acres
- Features
-
- Restaurant
- Lounge/Bar
- Business Center
- Indoor Pool
- Fitness Center
- Guest Laundry
- Meeting Space
Financial
- Posted By
- Broker / Agent
- Affiliation
- Independent
- # of Units
- 110