Hotel Development Site | 90 US-1 Bypass
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Hotel Development Site 90 US-1 Bypass
64 Room Hotel Kittery, ME 03904 $1,800,000 ($28,125/Room)
Executive Summary
A unique opportunity to acquire a fully approved development site for a Holiday Inn Express in Kittery, Maine. Strategically located in the Bypass-Old Post Road Commercial (C-3) zone, the site comes with InterContinental Hotels Group (IHG) approval for the development of a 62-unit hotel. In addition to the development site parcel, the buyer must agree to assume the existing franchise commitment and comply with its terms and conditions for the proposed hotel.
This development site presents an opportunity to establish a prominent presence in Kittery’s burgeoning commercial corridor, surrounded by a variety of commercial properties and accessible directly from the main thoroughfare.
This development site presents an opportunity to establish a prominent presence in Kittery’s burgeoning commercial corridor, surrounded by a variety of commercial properties and accessible directly from the main thoroughfare.
Property Facts
| Price | $1,800,000 | Construction Status | Proposed |
| Price Per Room | $28,125 | Building Size | 13,308 SF |
| Sale Type | Investment | No. Rooms | 64 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2027 |
| Building Class | B | Parking Ratio | 4.96/1,000 SF |
| Lot Size | 1.56 AC | Corridor | Interior |
| Price | $1,800,000 |
| Price Per Room | $28,125 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.56 AC |
| Construction Status | Proposed |
| Building Size | 13,308 SF |
| No. Rooms | 64 |
| No. Stories | 3 |
| Year Built | 2027 |
| Parking Ratio | 4.96/1,000 SF |
| Corridor | Interior |
Amenities
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 64 | $151.00 | - |
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PROPERTY TAXES
| Parcel Number | KITT-000014-000000-000002 | Improvements Assessment | $11,700 |
| Land Assessment | $281,300 | Total Assessment | $293,000 |
PROPERTY TAXES
Parcel Number
KITT-000014-000000-000002
Land Assessment
$281,300
Improvements Assessment
$11,700
Total Assessment
$293,000
zoning
| Zoning Code | C-3 (Bypass-Old Post Road Commercial Zone) |
| C-3 (Bypass-Old Post Road Commercial Zone) |
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Hotel Development Site | 90 US-1 Bypass
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