52 Medway RoadMillinocket, ME 04462PRICE: $499,000

  • $499,000List Price
  • 11Bedrooms
  • 1floors
  • 1987Year Built
  • 4,130Square Feet

Hotel Terrace

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dining room at the Hotel Terrace
hotel terrace kitchen
hotel terrace room
Close up of hotel room in the Hotel Terrace
  • dining room at the Hotel Terrace
  • hotel terrace kitchen
  • hotel terrace room
  • Close up of hotel room in the Hotel Terrace
Listing Tools

Introducing an incredible opportunity in the heart of Millinocket! This exceptional property showcases a charming restaurant & an 11-room inn, offering endless possibilities for aspiring entrepreneurs or seasoned investors. This iconic local landmark has been a successful restaurant & hotel operation since 1987. With numerous kitchen & efficiency upgrades, a full basement, & all furniture & equipment included, this property is ready to fulfill your hospitality dreams. The restaurant boasts a well-appointed kitchen, thoughtfully designed to meet the demands of a bustling culinary operation. Featuring a range of modern kitchen upgrades, including top-of-the-line appliances, ample storage space, and efficient workflow configurations, this is a chef’s paradise. Adjacent to the restaurant, the 11-room hotel provides a cozy & welcoming atmosphere for guests. Each room is tastefully furnished, offering a comfortable retreat for travelers. The hotel’s efficient layout maximizes space utilization while ensuring privacy and relaxation. A notable feature of this property is the full basement, offering abundant storage space for supplies & inventory. This valuable asset provides ample room to support the needs of the restaurant & hotel operation, allowing for seamless day-to-day management. The sale of this property also includes all furniture & equipment, including an on-demand backup generator. This turnkey opportunity allows you to hit the ground running, instantly establishing your presence in the vibrant Millinocket community. Millinocket is renowned for its proximity to Baxter State Park, Mount Katahdin, & countless outdoor activities such as snowmobiling & hiking, which attract visitors throughout the year. Take advantage of the thriving tourism industry & the demand for quality accommodations & dining experiences. Don’t miss out on this remarkable chance to embark on an exciting and rewarding venture in the heart of Maine’s picturesque landscape!

Property Details of 52 Medway Road, Millinocket, ME 04462

Property Details

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  • Rooms: 11
  • Manager's Quarters: No
  • Dining: Onsite Restaurant, 125 seats
  • Acreage: +/- 1
  • Leased Land: No
  • Zoning: NC
  • Parking Spaces: 21
  • Construction: Wood Framed
  • Elevator: No
  • Recent Improvements: Kitchen & Room Upgrades
  • Onsite Dining
  • Refrigerators
  • Microwaves
  • Desks
  • In-room Coffee Makers
  • TVs
  • Baxter State Park
  • Snowmobiling
  • Appalachian Trail

Map Location

Interested parties may not go to the listed property or speak to a member of property staff. If you are interested in viewing this property, you must do so with a broker.

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