20 Nubble Road, York, ME 03909

$2,900,000
Property Type: Commercial Lot Size (sq. ft.): 44,431 Status: Closed
Current Price: $2,900,000 List Date: 4/08/2018 Last Modified: 12/24/2024

Description

The Lighthouse Inn and Carriage House is in one of York Beach’s most sought-after neighborhoods on The Nubble! And just 100 yards back from Long Sands Beach. There are 31 units w/private en-suite baths. 24 rooms were fully renovated in 2017 and 6 carriage house rooms renovated spring 2018. There are 5 buildings (see attachments), and the carriage house has a large central dining area, great room with fireplace for guests, spacious kitchen and front desk. The inn has a lot of natural light and is decorated in light colors with pops of color. The vibe is casual, beachy, contemporary. There's an in ground pool, new hot tub, brick patio and several outdoor areas with umbrella tables and chairs for guests to enjoy. Some rooms have balconies & views. There's a laundry facility; a staff house; pool house. The carriage house dates to 1870 and the others 1980. VERY strong financials from May-October. 2018 w/11% cap rate, 12% w/owner/operator. Financials for qualified buyer w/signed NDA.

Supplements: ********

More Information MLS# 1344248

Location Information

Book: 16745 Leased Land: No Page: 202 Map: 0027 Lot: 0084 Zoning Overlay: Yes Association Y/N: No Street #: 20 Street Name: Nubble Street Type: Road County: York Town: York State/Province: ME Zip Code: 03909 Zoning: shoreland/Res4 Full Tax Amount $: 13214 Tax Year: 2018 Geo Lat: 43.169118 Geo Lon: -70.609725

Property Information

Primary Use: General Commercial Surveyed: Unknown Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown Bank Owned REO: No Lot Size Acres +/-: 1.02 Year Built: 1980

Property Uses

Hotel/Motel: 1

Construction

Wood Frame: 1

Basement

Full: 1 Unfinished: 1

Foundation Materials

Poured Concrete: 1 Slab: 1 Stone: 1

Exterior

Clapboard: 1 Vinyl Siding: 1

Roof

Composition: 1 Shingle: 1

Heat System

Hot Water: 1 Zoned: 1

Heat Fuel

Electric: 1 Propane: 1

Cooling

Heat Pump: 1 Wall/Window Unit(s): 1

Floors

Carpet: 1 Tile: 1 Wood: 1

Parking

21+ Spaces: 1 On Site: 1 Paved: 1

Electric

Circuit Breakers: 1

Utilities

Utilities On: Yes

Gas

Bottled: 1

Sewer

Public Sewer: 1

Water

Public: 1

Sold Info

Appraiser Email Address: jbragg@rradvisors.com

Sold Terms Other

Arms Length: 1

Contract Information

Status: Closed Original List Price: 3295000 Sold Price: $2,900,000 Current Price: $2,900,000

Status Change Info

Pending Date: 2018-11-04 Closed Date: 2019-03-28 Closed Price: 2900000

Property Features

Construction: Wood Frame Property Uses: Hotel/Motel Basement: Full; Unfinished Foundation Materials: Poured Concrete; Slab; Stone Exterior: Clapboard; Vinyl Siding Roof: Composition; Shingle Heat System: Hot Water; Zoned Heat Fuel: Propane Cooling: Heat Pump; Wall/Window Unit(s) Floors: Carpet; Tile; Wood Parking: 21+ Spaces; On Site; Paved Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public Sold Terms Other: Arms Length
Listing Office: The B & B Team, Inc.
IDX
Last Updated: December - 24 - 2024
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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