Tuesday, March 30, 2010

Looking for an investment property or second home with rental income potential in Maine?

Each day I post a photo or photo album of the morning on a couple of my photo blogs. Often a blog post is born from a photo blog post. That's the case today.

I was searching through my several thousand photos looking for this morning's photo and decided to focus on inland Maine. Specifically, Mt. Kineo on Moosehead Lake. Accessible only by boat, I had the pleasure last summer of heading up to the Moosehead area to take photos of a couple new listings.

Mt. Kineo is not actually an island, but a peninsula off the northwestern side of Moosehead Lake north of Rockwood. There's a very narrow strip of land which has been closed off to vehicles or golf carts which was used to provide access to the "island". Access now is via private boat or by Kineo shuttle. A gorgeous golf course covers a part of the island. There's great hiking on Kineo as well.

The Moosehead region has long been a destination spot in summer and winter as well, with snowmobiling, dog sledding, snowshoeing to name a few. Mt. Kineo has been well preserved over the years and appreciated for its history and beauty. In the 1800's there was a magnificent 400 room hotel for the wealthy tourists. Today only part of the hotel remains, but gorgeous historic homes line the golf course. And a small community of newer homes surround the island. Kineo offers a quiet escape to the middle of Moosehead Lake.

I have a few listings in this area and a couple coming on board soon:
Kineo Island custom home
Rockwood Cottages
Wilson Pond Camps recreational cottages

All are perfect for recreational use, personal use, family compounds or investments.

Tuesday, March 23, 2010

A testament to my efforts from a New England business broker...

This was a nice email to wake up to on a dreary rainy day...The fact that someone I've never met took the time to email me and compliment me on my business practices was so very appreciated:

Your marketing materials for inns and B&B's are tremendous. This sector of the industry really needs a fresh approach to marketing and seller/buyer education. Your combination of practical experience, high quality visuals, and social media marketing I think are just the right formula. I have experience as an innkeeper and as a lodging industry broker. I have sold many B&B's, full service inns and hotel properties in NH and VT. The inn and B&B market in New England is mature and recently it has been difficult for owners to achieve a graceful exit from their inns. This segment of the market will rebound and it looks like you are poised to take advantage of it when it returns. I also think that there is an opportunity to provide fee-based education & consulting to buyers and sellers across a wide geographic area. If I am in Maine sometime I would welcome the opportunity to network with you. Happy selling."

Friday, March 19, 2010

Abbington's Seaview Motel & Cottages, back on the market!

Located just a couple miles from Camden sits this charming property with 8 cottages and 6 motel units with a view of the Penobscot Bay. A nice pool, grounds and most rooms with decks, this property is priced to sell. For the price, Abbington's offers one of the strongest revenue streams of lodging listings on the market today. And it's priced below assessed value.

$425,000; 2.4 acres; Ocean View; Pool; 14 rooms; strong revenue with room for growth

There's an option to purchase an additional 2 parcels of land adjacent to Abbington's property.

Saturday, March 6, 2010

SOLD! Kingsleigh Inn, Southwest Harbor, Maine

Congratulations to proud new owner/innkeepers Bryan Stevens and Pamela Parker! Bryan and Pamela are seasoned innkeepers who owned a Bar Harbor inn several years back. Best of luck with your new endeavor. Kingsleigh Inn is a wonderful property with harbor views and decks overlooking Southwest Harbor.

I represented the Sellers in this transaction.

Monday, March 1, 2010

PRICE REDUCTION Captain Briggs House in Freeport

Captain Briggs House in Freeport, Maine is a 7 room B&B on a residential side street just off the shopping area on Main Street with all private baths, gorgeous hardwood floors, fabulous owners private owners quarters with guest room w/private bath, garage, storage room, separate kitchen, living, dining roo
m and loft. $775,000 and on a beautiful, level lot. Fully sprinklered and in very good shape!This entire renovated barn is owners quarters

more details