Thursday, June 28, 2018

Price adjustment on this wonderful inn for sale in Freeport, Maine!

NEW opportunity with this substantial price adjustment! 

When a seller says they are motivated, there can be many things that affect their decision to change the price to be more favorable to attract a buyer. $100,000 certainly is favorable to a buyer! The sellers, Tori and Robin, have owned James Place Inn since 2006 and have enjoyed their times as stewards of this lovely inn. They raised a young daughter there for the majority of her life and are now wanting to enjoy her final high school years and prepare to launch her off to college.  As parents, the inn life and home life have been wonderful however, it is time to shift the balance more heavily to the home life and the opportunities that come along as children get older.

Many buyers aren't aware that a listing agent isn't permitted to disclose motivation for selling without permission. The same goes when we represent a buyer; we can't disclose motivation for buying without permission. But there isn't always a reason that would compromise either party's leverage.

For more details, visit the listing page on my website. Contact me with any questions or for more details.

Saturday, June 23, 2018

New on the market! Popular cottages at the doorstep of Acadia National Park

At a Glance
-17 units: 8 cottages, 3 inn style suites, 4 lodge/motel rooms and 2 fully appointed apartments (which can be rented nightly, weekly or long term).
-plenty of parking; guests can park directly next to or in front of their unit
-1.41 acres
-private well/all new septic
-Strong seasonal business from just mid-May to mid-October.
-real estate taxes $4,578 (2018)

Owner's quarters is in the main 1800s home, behind the office area, and accessible from a few locations. It is spacious and offers 1 bedroom, 1 bath, spacious kitchen open to the living room and dining room. There's a first floor staff bedroom with sink and a bathroom with shower is in the laundry room. It's a bonus to be able to house staff onsite. The layout is very conducive to both privacy and flow of business operations.

The current owners have put a great deal of money and effort into updating this wonderful property over the past three years. They have been just what Open Hearth Inn needed (or what we refer to as OHI). Check out the list of improvements above.

​The Open Hearth Inn was originally built by a member of one of Trenton's earliest families, circa 1820. Many of the original architectural details have survived, including the pumpkin pine floors, paneled wainscoting, and the large open hearth fireplace, complete with oven and iron crane.

As motorists took to the roads after World War II and the popularity of Acadia National Park developed, the demand for tourist lodging grew. The early 1800s Cape Cod style house was converted to a lodging business in the mid 1940s. The first cottages were constructed in these early years and thereafter each consecutive innkeeper added a new facet to the accommodations. More cottages were built in the 1950s, motel rooms in the 1970s, apartments in the 1990s, and original rooms in the house were converted to suites in 2004.

Maine cottages for sale are something buyers are often interested in but don't often find on the market. 

Don't miss the opportunity here!​

Offered at $1,100,000

Visit the listing on my website for more details

Financially Viable Business
Financials shared with signed NDA to qualified buyers