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The Bradley Inn and Restaurant 3063 Bristol Rd

15 Room Bed and Breakfast New Harbor, ME 04554 $3,100,000 ($206,667/Room)

Investment Highlights

  • expansion with weddings and restaurant
  • can operate year round

Executive Summary

The Bradley Inn was built in the early 1900’s as a boarding house and converted to an inn as the area became a vacation destination. The nearly three-acre property offers multiple seating areas in which to enjoy the beautiful perennial gardens and fresh ocean air filled with the sound of the surf and sea gulls.

The main inn includes 10 guest rooms, 1 guest suite, and several common spaces with fireplaces for guests to enjoy. There is also a beautiful restaurant and pub that is considered one of the best casual fine dining establishments in the area.
The Seabreeze Spa is a small cottage next to the Main Inn that offers a lovely sauna and guests massage services.

The Carriage House is a renovated barn that contains two guest rooms, one guest suite, and is set slightly away from the main inn. The suite features a living room with fireplace, full kitchen, a primary bedroom plus a sleeping loft.

The Garden Cottage is a spacious, stand alone cottage with comfortable a seating area, full bathroom and private outdoor porch.

This is an inn that checks so many boxes. Good size/number of rooms, events, food and beverage, literally steps from a popular coastal attraction, an owner’s apartment, and so much potential!
PROPERTY DATA:
3063 Bristol Road, New Harbor, ME 04554
Lot size: 3 acres
Map 34, Lot B76
Book 5119 Page 167, Lincoln County Registry of Deeds
2023 Tax Bill: $13,137
Main Inn built around 1910; Garden Cottage and Carriage House came later
Total finished square footage: ~12,500 (5 buildings plus a utility shed)
15 guest rooms/suites, all with private ensuite baths, some with newly renovated tiled showers and floors
Beautiful foyer with exposed beams, small office and gift shop
Very large parlor with fireplace and plenty of seating
Large dining room seats a maximum 36, 30 as it is set now
Tavern seats 14 at the bar and ~32 at tables, depending on configuration
Very large commercial kitchen with 10 burner Vulcan range, fryer, griddle (with Ansul system), Blodgett convection, plenty of refrigeration (walk-ins, reach-ins, low boys), commercial ice maker, dishwashing station, and ample prep space/tables
Utilities: propane; private water & sewer
Heat: boiler; baseboard hot water
Hot Water: on demand w/separate boiler
Exterior: cedar shingle and wood siding
Onsite gravel parking lot for ~30 cars
Basement: unfinished, walkout
Wine room/storage
Garage: 4 bay, detached, with plenty of room for a workshop, cars, lawn equipment, etc.
7 total gas fireplaces
Spacious, well landscaped grounds with seating areas, 1 wood and 2 gas fire pits, surrounded by mature trees, and perfect for an outdoor or tented event
Currently open seasonally, but could be open year round.
FINANCIALLY VIABLE

Property Facts

Price $3,100,000
Price Per Room $206,667
Sale Type Investment
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype
Bed and Breakfast
  • Hospitality Hotel
Building Class B
Lot Size 3.00 AC
Building Size 15,537 SF
No. Rooms 15
No. Stories 3
Year Built 1890
Parking Ratio 0.9/1,000 SF
Corridor Interior

Amenities

  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Bed & Breakfast
  • Public Access Wifi
  • Smoke-Free

About 3063 Bristol Rd , New Harbor, ME 04554

The Bradley Inn was built in the early 1900’s as a boarding house and converted to an inn as the area became a vacation destination. The nearly three-acre property offers multiple seating areas in which to enjoy the beautiful perennial gardens and fresh ocean air filled with the sound of the surf and sea gulls. The main inn includes 10 guest rooms, 1 guest suite, and several common spaces with fireplaces for guests to enjoy. There is also a beautiful restaurant and pub that is considered one of the best casual fine dining establishments in the area. The Seabreeze Spa is a small cottage next to the Main Inn that offers a lovely sauna and guests massage services. The Carriage House is a renovated barn that contains two guest rooms, one guest suite, and is set slightly away from the main inn. The suite features a living room with fireplace, full kitchen, a primary bedroom plus a sleeping loft. The Garden Cottage is a spacious, stand alone cottage with comfortable a seating area, full bathroom and private outdoor porch. This is an inn that checks so many boxes. Good size/number of rooms, events, food and beverage, literally steps from a popular coastal attraction, an owner’s apartment, and so much potential! PROPERTY DATA: 3063 Bristol Road, New Harbor, ME 04554 Lot size: 3 acres Map 34, Lot B76 Book 5119 Page 167, Lincoln County Registry of Deeds 2023 Tax Bill: $13,137 Main Inn built around 1910; Garden Cottage and Carriage House came later Total finished square footage: ~12,500 (5 buildings plus a utility shed) 15 guest rooms/suites, all with private ensuite baths, some with newly renovated tiled showers and floors Beautiful foyer with exposed beams, small office and gift shop Very large parlor with fireplace and plenty of seating Large dining room seats a maximum 36, 30 as it is set now Tavern seats 14 at the bar and ~32 at tables, depending on configuration Very large commercial kitchen with 10 burner Vulcan range, fryer, griddle (with Ansul system), Blodgett convection, plenty of refrigeration (walk-ins, reach-ins, low boys), commercial ice maker, dishwashing station, and ample prep space/tables Utilities: propane; private water & sewer Heat: boiler; baseboard hot water Hot Water: on demand w/separate boiler Exterior: cedar shingle and wood siding Onsite gravel parking lot for ~30 cars Basement: unfinished, walkout Wine room/storage Garage: 4 bay, detached, with plenty of room for a workshop, cars, lawn equipment, etc. 7 total gas fireplaces Spacious, well landscaped grounds with seating areas, 1 wood and 2 gas fire pits, surrounded by mature trees, and perfect for an outdoor or tented event Currently open seasonally, but could be open year round. The midcoast proximity allows for easy day trips up and down the coast or inland to explore. The twin villages of Newcastle/Damariscotta sits at the gateway to the popular Pemaquid Peninsula, with the Pemaquid Beach, Pemaquid Lighthouse and The Bradley Inn. The peninsula is dotted with beautiful little villages, shops and views around the bend. There’s a boat launch right in town Damariscotta, at the head of the peninsula, and a place to rent kayaks. The River Tripper takes guests along the Damariscotta River and offers sunset cruises, oyster and Champagne, and an oyster education! The newer Oyster Festival draws crowds in the summer, but it’s the Damariscotta Pumpkinfest in October that draws thousands. The pumpkin boat regatta even makes national news! It’s a festival not to be missed. The inn is located: 1 hour from Boothbay Harbor 1 hour from Camden 1.5 hours from Portland 2.5 hours from Bar Harbor 3 hours from Boston And just steps to the historic and popular Pemaquid Lighthouse! This newly renovated 2nd floor space has private access to an open kitchen-living room with beautiful wood bead board ceilings and exposed beams.There is a full bath with shower and a very large bedroom. It sits above the large commercial kitchen, so there is no concern that owners or the manager would be making noise over guest rooms. FINANCIALLY VIABLE

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 5 $450.00 -
Guest Room 10 $309.00 -

zoning

Zoning Code Village
Village
  • Listing ID: 29613147

  • Date on Market: 9/24/2023

  • Last Updated:

  • Address: 3063 Bristol Rd, New Harbor, ME 04554

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