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350 Townsend Ave
Boothbay Harbor, ME 04538

Russell House Bed & Breakfast · Hospitality Property For Sale · 11,652 SF

Investment Highlights

  • 1.5 miles to the heart of Boothbay Harbor but full onsite parking
  • all rooms have new heat pumps
  • fully renovated with glass and tiled showers

PROPERTY FACTS

Property Type Hospitality
Property Subtype Bed and Breakfast
Building Class C
Lot Size 3.10 AC
Construction Status Converted
Building Size 11,652 SF
No. Stories 2
Year Built 1800
Parking Ratio 3.12/1,000 SF
Corridor Interior

About 350 Townsend Ave , Boothbay Harbor, ME 04538

Located just about 1 mile to the heart of downtown Boothbay Harbor; about 1.5 miles to the Coastal Maine Botanical Gardens; about 1 hour to Portland and 1 hour to Camden. Russell House Bed and Breakfast makes a great home base for exploring. The chic Russell House was originally built as a private residence by Mr. Harlow Russell. Over the years, the house has taken on many forms including a home, a restaurant, an office space, and now a restored bed and breakfast making it a unique place to stay in Boothbay Harbor. Today, The Russell House exudes luxury and sophistication through its contemporary style and charming atmosphere. The upscale features and modern amenities create a luxurious Maine Coast getaway. Guests can relax in the stunning Lounge or enjoy the coastal Maine air outside on the spacious deck. The Historic Russell House Bed & Breakfast is newly renovated and unique to the Boothbay Harbor Maine region, offering a charming and sophisticated contemporary style amidst the coastal community. All guest rooms have en-suite baths, heat pump A/C units and beautiful glass and tile showers. Set apart from the hustle and bustle of downtown Boothbay Harbor, this peaceful Maine setting is a perfect destination for intimate getaways, celebrations, or a relaxing escape to the Boothbay Harbor region. The inn is within 2 miles of the renowned Coastal Maine Botanical Gardens and less than 1 mile from the Boothbay Harbor Country Club & Golf Course. Russell House Bed and Breakfast currently operates a profitable commercial laundry service from the back of the building that currently serves Linekin Bay Resort, Newagen Seaside Resort, Water's Edge at Sheepscot Harbor Resort and Russell House. A buyer could continue to operate the laundry business as an additional revenue stream, or lease the business it to the current owner, but retain ownership of the laundry facility. The laundry service is not visible to the guests nor is it visible from the street. Additional details can be provided to interested parties. There is an unfinished barn that is currently used for storage, but could be finished to host events, restaurant service, and would make a great place for a small batch micro-brewing. Imagine, Russell House Ale, RH IPA, Old Man Russell Stout...the possibilities are endless! Full financial detail provided with signed non-disclosure agreement for qualified buyer.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BOOH-000030-000000-000035-A000000
Land Assessment
$222,800
Improvements Assessment
$761,200
Total Assessment
$984,000

zoning

Zoning Code Bus (General Business)
Bus (General Business)
  • Listing ID: 21340392

  • Date on Market: 10/27/2020

  • Last Updated:

  • Address: 350 Townsend Ave, Boothbay Harbor, ME 04538

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