Covered Bridge Motel | 382 Water St
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Covered Bridge Motel 382 Water St
10 Room Hotel Guilford, ME 04443 $875,000 ($87,500/Room)
Executive Summary
Welcome to the Covered Bridge, a turn-key versatile property encompassing a charming 3-bedroom, 2-bath single-family home with an attached office space, a fully equipped yet vacant restaurant primed for revival, and a thriving 10-unit motel—all set amidst 70 sprawling acres, including 0.6 acres of waterfront along the Piscataquis River. Boasting direct access to the ITS trail, this property invites outdoor enthusiasts to indulge in ATV rides, snowmobile adventures, and other outdoor activities, while two spacious garages offer ample storage. Conveniently located along the Moosehead Trail in Guilford, ME, this property presents a rare opportunity for residential comfort, commercial potential, and natural serenity, making it an ideal investment for those seeking to blend rustic charm with entrepreneurial ambition.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $875,000 | Building Size | 3,456 SF |
| Price Per Room | $87,500 | No. Rooms | 10 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 2004 |
| Property Subtype | Hotel | Parking Ratio | 5.21/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 70.00 AC |
| Price | $875,000 |
| Price Per Room | $87,500 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 70.00 AC |
| Building Size | 3,456 SF |
| No. Rooms | 10 |
| No. Stories | 1 |
| Year Built | 2004 |
| Parking Ratio | 5.21/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 10 | $96.00 | - |
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PROPERTY TAXES
| Parcel Number | GUID M:002 L:029-000 | Total Assessment | $1,000 (2020) |
| Land Assessment | $1,000 (2020) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2020) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
GUID M:002 L:029-000
Land Assessment
$1,000 (2020)
Improvements Assessment
$0 (2020)
Total Assessment
$1,000 (2020)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Covered Bridge Motel | 382 Water St
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