$2,900,000
York, ME 03909
MLS# 1344248
Status: Closed
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Property 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.
Details
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
Geo Lat: 43.169118
Geo Lon: -70.609725
Contract Information
Status: Closed
Original List Price: 3295000
Sold Price: $2,900,000
Current Price: $2,900,000
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
Compensation & Misc Info
Buyer Agency: 2
Buyer Agency Type: %
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
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; Multi-Zones
Heat Fuel: Propane
Cooling: A/C Units; Heat Pump
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.
Last Updated: April - 23 - 2021
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