Listing courtesy of James Doucette of Jim Doucette Real Estate, LLC
The Saco River Motor Lodge is set between the tourist hub of the Mount Washington Valley and Fryeburg, Maine and benefit from being the sole Motor lodge to service the neighboring area. The property has 7 2 and 3 bedroom suites with kitchenettes, 12 traditional motel room and 5 long term rental apartments as well as an over sized two car garage. Purchased in 2002 the property has had extensive upgrading and renovations. There are several local events and businesses that regularly refer guest to SRML due to its convenient proximity to their locations. These sources account for approximately 64% of their short terms rental income. There are also a strong following from the winter recreational guests. Since purchased the pool area was enlarged and upgraded, a playground was added, along with outdoor barbeques and fire pits. All rooms were upgraded with new A/C, carpet, mattresses, flat screen TV’s and everything was repainted. The property has shown steady growth in gross revenue and solid maintenance and improvements continue.
2626 East Main
Apr 24, 2020
Square Ft (approx):
129,373 sqft / 2.97 acres (approx)
Concrete, Concrete Floor, Partial, Stairs – Interior, Unfinished
Off Street, Paved, Unassigned
1500+ Gallon, Leach Field, Leach Field – Off- Site, On- Site Septic Exists, Private
Cable – At Site, Gas – L P/ Bottle, High Speed Intrnt – At Site, Multi Phone Lines, Telephone At Site
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2626 East Main