740 Central St
Millinocket, ME 04462

$2,695,000 USD

Hotel For Sale • 63,305 SF

Property Details

Property Type Hotel
Total Building Size 63,305 SF
Lot Size 2.47 AC
Building Class C
Year Built 1987
Zoning HC

0 Transit Score

49 Walk Score

Description

Muroff Hospitality Group is proud to exclusively present the sale of the Katahdin Inn & Suites. Located in Millinocket, Maine, the gateway to Mount Katahdin and Baxter State Park, this property offers a prime investment opportunity in a premier outdoor destination. Renowned for its scenic beauty and recreational opportunities, Millinocket attracts outdoor enthusiasts year-round, ensuring steady demand for lodging. The inn’s recent renovations, strategic location along a primary route, and proximity to outdoor attractions such as hiking, fishing, moose tours, and snowmobiling routes provide significant revenue potential. With ample on-site amenities and minimal local competition, Katahdin Inn & Suites represents an excellent investment in Maine's thriving outdoor tourism market.

                
                    Highlights
                
                                77 guest rooms & suites, offering scenic views for leisure or business travel
                            
                                Indoor heated pool and hot tub; billiards; game room; fitness center
                            
                                Versatile meeting & event spaces for weddings, corporate retreats, and special events.
                            
                                Conveniently located near Baxter State Park, home of the majestic Mount Katahdin.
                            
                                Easy access to renowned hiking trails, fishing spots, and snowmobiling routes. 
                            
                                Great upside potential! Current management is offsite & dependent on staff