1262 Roosevelt Trail, Raymond, ME 04071
$915,000
Property Type:
Commercial
Square Footage:
6,638
Lot Size (sq. ft.):
99,752
Status:
Closed
Current Price:
$915,000
List Date:
7/10/2023
Last Modified:
1/15/2025
Description
Currently operated as a motel with extended stay users. 15th unit in process of being finished which will increase the gross income.
Deeded access to a beach on Sebago Lake nearby.
Supplements: ********
More Information MLS# 1564812
Location Information
Book: 30985
Leased Land: No
Page: 303
Map: 55
Lot: 16
Zoning Overlay: No
Association Y/N: No
Street #: 1262
Street Name: Roosevelt
Street Type: Trail
County: Cumberland
Town: Raymond
State/Province: ME
Zip Code: 04071
Zip +4: 6603
Zoning: Comm & LRR2
Full Tax Amount $: 7674
Tax Year: 2022
Geo Lat: 43.884555
Geo Lon: -70.465458
Property Information
Primary Use: General Commercial
Surveyed: Unknown
Deed/Conveyance Type Offered: Personal Rep
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
Lot Size Acres +/-: 2.29
Tenancy: Multiple Tenants
Leases: No
Road Frontage +/-: 400
Total # Floors: 2
Year Built: 1953
SqFt Finished Total: 6638
Location
Business District: 1
Near Shopping: 1
Commercial Bldg Information
Gross Income: 202511
Operating Expenses: 93493
Total Units: 15
Water Info
Water Frontage: Yes
Water View: No
Water Body Name: Sebago Lake
Source of Water Frontage
Public Records: 1
Property Uses
Hotel/Motel: 1
Water Body Type
Lake: 1
Recreational Water
Beach Rights: 1
Common: 1
Deeded: 1
Lake/Fresh Water: 1
Construction
Wood Frame: 1
Other Structures
Shed(s): 1
Basement
Bulkhead: 1
Partial: 1
Unfinished: 1
Foundation Materials
Poured Concrete: 1
Exterior
Shingle Siding: 1
Vinyl Siding: 1
Roof
Shingle: 1
Heat System
Baseboard: 1
Heat Pump: 1
Zoned: 1
Heat Fuel
Electric: 1
Gas Bottled: 1
Oil: 1
Cooling
Heat Pump: 1
Wall/Window Unit(s): 1
Floors
Carpet: 1
Vinyl: 1
Wood: 1
Parking
11 - 20 Spaces: 1
Paved: 1
Electric
Circuit Breakers: 1
Gas
Bottled: 1
Sewer
Septic Tank: 1
Water
Public: 1
Sold Terms Other
Arms Length: 1
Contract Information
Status: Closed
Original List Price: 1500000
Sold Price: $915,000
Current Price: $915,000
Status Change Info
Pending Date: 2023-08-31
Closed Date: 2023-11-16
Closed Price: 915000
Property Features
Location: Business District; Near Shopping
Source of Water Frontage: Public Records
Water Body Type: Lake
Recreational Water: Beach Rights; Common; Deeded; Lake/Fresh Water
Construction: Wood Frame
Other Structures: Shed(s)
Property Uses: Hotel/Motel
Basement: Bulkhead; Partial; Unfinished
Foundation Materials: Poured Concrete
Exterior: Shingle Siding; Vinyl Siding
Roof: Shingle
Heat System: Baseboard; Heat Pump; Zoned
Heat Fuel: Gas Bottled; Oil
Cooling: Heat Pump; Wall/Window Unit(s)
Floors: Carpet; Vinyl; Wood
Parking: 11 - 20 Spaces; Paved
Electric: Circuit Breakers
Gas: Bottled
Sewer: Septic Tank
Water: Public
Sold Terms Other: Arms Length
Deed Public Access ›
Listing Office:
Allied Real Estate
IDX
Last Updated: January - 15 - 2025
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