MLS® ID: 1436184
1044 Commercial Street
Rockport, Maine, 04856 $1,150,000
The lovely, turn-key, 19-unit motel has been well-maintained by the same owners for over 20 years and is ideally located along highly traveled Route 1 between the tourist destinations of Rockland and Camden. Amenities include a heated outdoor pool, breakfast room, and several outdoor sitting areas. A three-bedroom owner's residence allows a new owner the unique opportunity to operate the property themselves, or hire an on-site manager. As evidenced by earning TripAdvisor's Travelers' Choice 2017 Best Bargain Hotels recognition, the property enjoys a strong financial performance on a yearly basis providing an excellent opportunity for a first time hospitality operator or an investor looking to increase their portfolio.Potential further development as owners previously had plans to build an additional 3,000 sq. ft. building with retail space and another unit.