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Rockport Suites 242 Commercial St

21 Room Hotel Rockport, ME 04856 $2,100,000 ($100,000/Room) 9.61% Cap Rate

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Executive Summary

20 unit motel + 1 apartment located at 242 Commercial St, Rockport ME which is minutes to Camden ME which is a popular tourist destination known for its natural beauty, cultural heritage, and summer community with an abundance of popular restaurants and shopping! Keep this property as a motel or use for Air BnB making the upside on this property limitless!

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Property Facts

Price	$2,100,000	Lot Size	3.26 AC
Price Per Room	$100,000	Building Size	13,648 SF
Sale Type	Investment	No. Rooms	21
Cap Rate	9.61%	No. Stories	1
Property Type	Hospitality	Year Built/Renovated	1970/2020
Property Subtype	Hotel	Parking Ratio	1.17/1,000 SF
Building Class	C	Corridor	Exterior

Price	$2,100,000
Price Per Room	$100,000
Sale Type	Investment
Cap Rate	9.61%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	3.26 AC
Building Size	13,648 SF
No. Rooms	21
No. Stories	1
Year Built/Renovated	1970/2020
Parking Ratio	1.17/1,000 SF
Corridor	Exterior