52 Medway Road

Millinocket, ME 04462

MLS ID# 1559589 Active
General Commercial

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$499,000

1 acres

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Details

Description

Introducing an incredible opportunity in the heart of Millinocket! This exceptional property showcases a charming restaurant & an 11-room inn, offering endless possibilities for aspiring entrepreneurs or seasoned investors. This iconic local landmark has been a successful restaurant & hotel operation since 1987. With numerous kitchen & efficiency upgrades, a full basement, & all furniture & equipment included, this property is ready to fulfill your hospitality dreams. The restaurant boasts a well-appointed kitchen, thoughtfully designed to meet the demands of a bustling culinary operation. Featuring a range of modern kitchen upgrades, including top-of-the-line appliances, ample storage space, and efficient workflow configurations, this is a chef's paradise. Adjacent to the restaurant, the 11-room hotel provides a cozy & welcoming atmosphere for guests. Each room is tastefully furnished, offering a comfortable retreat for travelers. The hotel's efficient layout maximizes space utilization while ensuring privacy and relaxation. A notable feature of this property is the full basement, offering abundant storage space for supplies & inventory. This valuable asset provides ample room to support the needs of the restaurant & hotel operation, allowing for seamless day-to-day management. The sale of this property also includes all furniture & equipment, including an on-demand backup generator. This turnkey opportunity allows you to hit the ground running, instantly establishing your presence in the vibrant Millinocket community. Millinocket is renowned for its proximity to Baxter State Park, Mount Katahdin, & countless outdoor activities such as snowmobiling & hiking, which attract visitors throughout the year. Take advantage of the thriving tourism industry & the demand for quality accommodations & dining experiences. Don't miss out on this remarkable chance to embark on an exciting and rewarding venture in the heart of Maine's picturesque landscape! Introducing an incredible opportunity in the heart of Millinocket! This exceptional property showcases a charming restaurant & an 11-room inn, offering endless possibilities for aspiring entrepreneurs or seasoned investors. This iconic local landmar... show more

Location Information

• Street # 52
• Street Name Medway
• Street Type Road
• County Penobscot
• Town Millinocket
• State/Province ME
• Zip Code 04462
• Zip +4 1819
• Leased Land No
• Book 10821
• Page 19
• Map U10
• Lot 43
• Zoning NC
• Tax ID MLNK-000010-000000-000043U
• Full Tax Amount 7377.5
• Tax Year 2022
• Association Y/N No

Property Information

• Primary Use General Commercial
• Surveyed Unknown
• Deed/Conveyance Type Offered Quit Claim
• Year Built - 1987
• Year Renovated +/- 2019
• Total # Floors 1
• SqFt Finished Total 7680
• Lot Size Acres +/- 1

Compensation & Misc Info

• Buyer Agency 2.5%

Details

• Commercial Bldg Information

  Confidentiality Statement

• Construction

  Wood Frame

• Property Uses

  Bar/Tavern/Lounge, Commercial, Hotel/Motel, Restaurant

• Basement

  Full, Walkout Access

• Foundation Materials

  Poured Concrete

• Exterior

  Wood Siding

• Roof

  Metal

• Heat System

  Baseboard, Hot Water, Multi-Zones

• Heat Fuel

  Propane

• Cooling

  A/C Units, Central Air

• Floors

  Carpet, Laminate, Tile

• Building Features

  Cable, Fire System, Generator, Internet Access Available, Other Equipment, Sprinkler - Dry, Storage

• Parking

  21+ Spaces, On Site, Paved

• Electric

  Circuit Breakers, Generator Hookup

• Utilities

  Utilities On

• Gas

  Bottled

• Sewer

  Public Sewer

• Water

  Public