We know in real estate it’s all about location, location, location.
But in commercial real estate, it’s usually all about numbers, numbers, numbers. Sometimes it’s an emotional buy but sometimes it’s not and it’s all about the value of the cash flow.
Claddagh Motel in Rockport, Maine has seen increased revenues over the past several years and 2014 continues the trend. May is up 16% over 2013 and last May was a good year! They have a very strong occupancy, gross revenue and net operating income. Based on their occupancy, it seems they’ve priced their rooms just right. They also have a spacious 3 bedroom 2 bath owner’s quarters with kitchen, living room and a den.
Contact me to discuss the financial details and see if you’re a good candidate for this great business! A signed non-disclosure agreement is required.
Offered at $1,195,000
View the listing details on my website.
|two of the three buildings