Under Contract
Introducing the Katahdin Valley Motel – a great opportunity to own a well-established business in Northern Maine near Baxter State Park and the Katahdin Woods & Waters National Monument!
This is a 17-unit exterior corridor motel with an attached 2 bedroom/2 bathroom trailer currently being utilized as manager’s quarters.
Of the 17 motel rooms, 3 rooms have kitchenettes with 2 beds, and 2 rooms are family suites with full kitchens and 4 beds (2 bedrooms each). Perfect for longterm guests!
All rooms have ensuite bathrooms and there is a laundry room for the motel, as well as a full basement along the guest rooms in the main building.
List price includes the building, 4.4 acres of land and all furniture, fixtures & equipment.
The Katahdin Valley Motel boasts an ideal location immediately off I-95 – appealing to tourists and outdoor enthusiasts!
Contact us today to schedule a showing!
Property Details
Amenities
Area Information
Settled in 1832 known as Golden Ridge Plantation and incorporated in 1862 as Sherman, named after John Sherman, abolitionist US Senator from Ohio. Land from Silver Ridge Plantation was annexed in 1870 and from Crystal Plantation in 1881.
Members of Maine School Administrative District (MSAD) 25/Regional School Unit (RSU) 89 with Katahdin Elementary School and Katahdin Middle/High School located at 800 Station Road, Stacyville, Maine 04777; 207-365-4218.
Nearest airport is Millinocket Municipal Airport 33 miles; nearest hospital is Millinocket Regional Hospital 33 miles.
Amish culture and families can be found in Sherman with nearly 20 families establishing farms. Businesses such as sawmills, building construction, leather goods, horse harnesses, metal shop and farm stands with fresh and canned goods area also a part of the community. – Katahdin Chamber of Commerce
Sherman is close in proximity to Baxter State Park and the Katahdin Woods & Waters National Monument. The area welcomes visitors that partake in various outdoor activities such as hunting, fishing, hiking, and snowmobiling.
Market Competitors
None
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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Federal 30-year interest rate: 6.87% last updated on Mar 21, 2024. * The above figures are estimates using the FRED® API, and are not endorsed or certified by the Federal Reserve Bank of St. Louis. Check with your lender for actual interest rates.
Introducing the Katahdin Valley Motel – a great opportunity to own a well-established business in Northern Maine near Baxter State Park and the Katahdin Woods & Waters National Monument!
This is a 17-unit exterior corridor motel with an attached 2 bedroom/2 bathroom trailer currently being utilized as manager’s quarters.
Of the 17 motel rooms, 3 rooms have kitchenettes with 2 beds, and 2 rooms are family suites with full kitchens and 4 beds (2 bedrooms each). Perfect for longterm guests!
All rooms have ensuite bathrooms and there is a laundry room for the motel, as well as a full basement along the guest rooms in the main building.
List price includes the building, 4.4 acres of land and all furniture, fixtures & equipment.
The Katahdin Valley Motel boasts an ideal location immediately off I-95 – appealing to tourists and outdoor enthusiasts!
Contact us today to schedule a showing!
Under Contract
Property Details
Amenities
Area Information
Settled in 1832 known as Golden Ridge Plantation and incorporated in 1862 as Sherman, named after John Sherman, abolitionist US Senator from Ohio. Land from Silver Ridge Plantation was annexed in 1870 and from Crystal Plantation in 1881.
Members of Maine School Administrative District (MSAD) 25/Regional School Unit (RSU) 89 with Katahdin Elementary School and Katahdin Middle/High School located at 800 Station Road, Stacyville, Maine 04777; 207-365-4218.
Nearest airport is Millinocket Municipal Airport 33 miles; nearest hospital is Millinocket Regional Hospital 33 miles.
Amish culture and families can be found in Sherman with nearly 20 families establishing farms. Businesses such as sawmills, building construction, leather goods, horse harnesses, metal shop and farm stands with fresh and canned goods area also a part of the community. – Katahdin Chamber of Commerce
Sherman is close in proximity to Baxter State Park and the Katahdin Woods & Waters National Monument. The area welcomes visitors that partake in various outdoor activities such as hunting, fishing, hiking, and snowmobiling.
Market Competitors
None
