maine inns for sale

A LOT HAS HAPPENED IN THE LAST TWO MONTHS!

I’ve been buried in new listing paperwork, but that is a good thing. More on the market from which buyers can choose. Before I get into those listings, the lender who closed my last inn deal said commercial rates are hovering just under or around 4.5%. I was floored. I had been quoting 5%, then […]

A LOT HAS HAPPENED IN THE LAST TWO MONTHS! Read More »

FOUR more inns sold since my last blog post? YES! Don’t miss out, things are moving…

I haven’t even had a chance to post what has sold since my last ‘sold’ blog post March 29th. 1802 House in Kennebunkport (buyer rep), Limerock Inn in Rockland (seller rep), Bar Harbor Cottages and Suites in Bar Harbor (buyer rep) and James Place Inn in Freeport (seller rep). All between April 30th and June

FOUR more inns sold since my last blog post? YES! Don’t miss out, things are moving… Read More »

Two More Maine Inn Sales! York Beach and Portland, Maine…

The Lighthouse Inn and Carriage House on Nubble Road sits just up from Nubble Light and steps to both Long Sands and Short Sands Beach. 31 units, many rooms with decks and views, pool hot tub, lovely patio and wonderful hospitality! I was pleased to represent the seller. This is West End Inn, a 6

Two More Maine Inn Sales! York Beach and Portland, Maine… Read More »

Two Maine Inns Sold 3/15/19! Kennebunkport and Camden…

Last week both Edgewater Inn in Kennebunkport and Blue Harbor House in Camden both changed hands!  Edgewater, pictured first, is located on Ocean Avenue in the heart of town, just up from beaches, shopping and the Bush compound. A lovely 12 room boutique inn that was fully renovated and rebranded in 2012. I was pleased

Two Maine Inns Sold 3/15/19! Kennebunkport and Camden… Read More »

“12 Things We Love About Living in Freeport”, from the innkeepers at James Place Inn…

Tori and Robin Baron, the James Place Inn innkeepers and I were talking about the reasons they enjoy where they live during my last showing. And Freeport is so much more than the common perception being just about L.L. Bean and the outlet shopping. So I asked them the top reasons why they love living

“12 Things We Love About Living in Freeport”, from the innkeepers at James Place Inn… Read More »

SOLD in Portland, Maine! Inn on Carleton…

Inn on Carleton in the West End neighborhood of downtown Portland transferred ownership on September 5, 2018. With Portland’s ever changing and growing tourism and commerce, it’s no wonder there’s interest in inn ownership here. We wish Leo and Patty, the sellers, and Jim, the buyer, all the best of luck in their endeavors! And

SOLD in Portland, Maine! Inn on Carleton… Read More »

New 24 unit motel for sale in Bucksport, Maine. Financially Viable at $1.3m.

click above for the online property presentation At a Glance: Total of 24 units (1 is being used as part of the owner’s quarters for 2nd bedroom) plus 1 retail building (being leased to a barber shop) with beautiful private woodedarea in back with stone fire pit. New roof 2006, new furnaces 2007, solar system

New 24 unit motel for sale in Bucksport, Maine. Financially Viable at $1.3m. Read More »

A very strong cap rate on this Maine inn for sale! And WHAT IS A CAP RATE ANYWAY?

Cap rate, (capitalization rate), is a rate that helps us value a real estate investment. Cap rate equals the net operating income (NOI) divided by the purchase price. The cap rate shows the potential rate of return on the investment. So the higher the cap rate, the better. With me so far? Let me take

A very strong cap rate on this Maine inn for sale! And WHAT IS A CAP RATE ANYWAY? Read More »