1802 House Bed and Breakfast Inn | 15 Locke St
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1802 House Bed and Breakfast Inn 15 Locke St
6 Room Bed and Breakfast Kennebunkport, ME 04046 $2,600,000 ($433,333/Room) 8.92% Cap Rate
INVESTMENT HIGHLIGHTS
- This beautiful bed and breakfast is fully furnished, has an excellent reputation and is turn-key business.
EXECUTIVE SUMMARY
Location, location, location! This beautiful bed and breakfast is fully furnished, has an excellent reputation and is turn-key state-of-the-art lodging business. This well established, extremely reputable bed and breakfast sits at the foot of the famous Cape Arundel Golf Course with views of the rolling hills where U.S. presidents have played golf. Six beautifully appointed guest rooms all with en suite baths, a six tabled guest dining room and an entrance parlour, with both back and front porches make this an ideal business venue. It is a lovely half mile walk to downtown Kennebunkport. Gorgeous beaches, shopping, hiking trails, restaurants and art galleries abound in this quintessential Maine coastal town. The owner's quarters are second to none boasting an extra four bedrooms, three and a half bathrooms, a living and dining room, a bar/kitchen, two person jacuzzi-tub, private screened porch, laundry room and large full basement. This is a three-quarter acre lot sits in a quiet residential neighborhood just minutes from the hustle and bustle of one of Maine's most tourist-visited towns. A new whole house gas powered generator makes this year round property immune from bad weather or power outages. Mature landscaping, fourteen parking spaces, full owner's quarter basement, a full new roof and many other upgrades make this turn-key business a true gem. Known for excellence in service, exquisite breakfasts, and top-notch ratings, this b and b is one of a kind in "Vacationland's" most desirable tourist destinations.
PROPERTY FACTS
| Price | $2,600,000 | Lot Size | 0.73 AC |
| Price Per Room | $433,333 | Building Size | 5,860 SF |
| Sale Type | Investment | No. Rooms | 6 |
| Cap Rate | 8.92% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1802 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Bed and Breakfast | Parking Ratio | 2.56/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | $2,600,000 |
| Price Per Room | $433,333 |
| Sale Type | Investment |
| Cap Rate | 8.92% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 5,860 SF |
| No. Rooms | 6 |
| No. Stories | 2 |
| Year Built | 1802 |
| Tenancy | Single |
| Parking Ratio | 2.56/1,000 SF |
| Corridor | Interior |
AMENITIES
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Wedding Venue
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $291.00 | - |
| Guest Room | 5 | $276.00 | - |
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PROPERTY TAXES
| Parcel Number | KENP-000012-000001-000003 | Improvements Assessment | $1,032,500 |
| Land Assessment | $277,300 | Total Assessment | $1,309,800 |
PROPERTY TAXES
Parcel Number
KENP-000012-000001-000003
Land Assessment
$277,300
Improvements Assessment
$1,032,500
Total Assessment
$1,309,800
ZONING
| Zoning Code | VR |
| VR |
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1802 House Bed and Breakfast Inn | 15 Locke St
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