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455 Kennedy Memorial Dr
Waterville, ME 04901

$5,200,000 USD

Hotel For Sale  •  26,139 SF

Property Details

  • Property Type Hotel
  • Total Building Size 21,922 SF
  • Lot Size 1.96 AC
  • Building Class C
  • Year Built 1960
  • Tenancy Single
  • Zoning Motels
40 Walk Score

Description 

The Elmwood is an attractive highway hotel in Waterville, Maine, with 50 keys and high visibility at the first Northbound exit of Interstate 95, with comfortable guestrooms in two buildings.

The property has undergone extensive renovations to the entire facility and guestrooms, further enhancing its appeal to today’s lodging guests.

Benefiting from its strategic location on Kennedy Memorial Drive, the hotel is well-positioned to capture a diverse mix of business from varied demand drivers, including transient travelers, college-related visitors, nearby hospital traffic, and business travelers.

Well-located lodging option in one of central Maine’s key commercial markets.

Highlights

New FF&E, including beds, seating, lighting, artwork, mirrors, window treatments, TVs, appliances, and case goods
New casework, including reception desk, cabinetry, closets, and bathroom vanities
New guest room, bathroom, corridor, lobby, and public-area finishes
New guest room doors
50 keys - Two Buildings
New plumbing systems, including guest bathrooms, fixtures, water heating, sanitary lines, and drainage

Amenities

  • Public Access Wifi
  • Smoke-Free
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Roger Daigle 207-773-4222 Daigle Commercial Group Inc
Roger Daigle 207-773-4222 Daigle Commercial Group Inc