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

Overview

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.

Listing Details MLS# 1344248

Location Information

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

Contract Information

Original List Price
3295000

Property Information

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

Status Change Info

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

Utilities

Utilities On
Yes

Sold Info

Appraiser Email Address
jbragg@rradvisors.com

More Information

Property Uses

Hotel/Motel
Yes

Construction

Wood Frame
Yes

Basement

Full
Yes
Unfinished
Yes

Foundation Materials

Poured Concrete
Yes
Slab
Yes
Stone
Yes

Exterior

Clapboard
Yes
Vinyl Siding
Yes

Roof

Composition
Yes
Shingle
Yes

Heat System

Hot Water
Yes
Zoned
Yes

Heat Fuel

Electric
Yes
Propane
Yes

Cooling

Heat Pump
Yes
Wall/Window Unit(s)
Yes

Floors

Carpet
Yes
Tile
Yes
Wood
Yes

Parking

21+ Spaces
Yes
On Site
Yes
Paved
Yes

Electric

Circuit Breakers
Yes

Gas

Bottled
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Sold Terms Other

Arms Length
Yes

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
IDX
Listing Office: The B & B Team, Inc.
Selling Office: RE/MAX Realty One
Last Updated: December - 24 - 2024
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