This Classic Motel On The Maine / New Hampshire Line Is For Sale
The craziness of the last few years caused millions of Americans to re-evaluate their lives. Were they really doing the job they wanted to do? Were they really living where they wanted to live? Admit it, you were one of those people. It's okay. We understand.
Well, if you've always wanted to be a part of the New England tourist economy, this could be the perfect opportunity.
According to Loopnet, the Saco River Motor Lodge is for sale. Located on Route 302, it sits between New Hampshire's Mount Washington Valley and the Town of Fryeburg, Maine.
Unlike many rural New England areas, this area is not seasonal. With the exception of about a month in the spring, the area is busy year round. There are summer vacationers who want to experience local amusement parks, miles of hiking trails, and paddling down the nearby Saco River. In the fall, there are leaf peepers and people coming to the Fryeburg Fair. Leading up to the Holidays, people come to town to take advantage of the tax free shopping. And, throughout the winter, thousands of skiers descend on the area each weekend.
The Saco River Motor Lodge is an old school, drive-up, motel. The kind of place that has been around since the 1950s. This particular motel was built in 1970.
The motel has 12 regular motel rooms and seven 2 or 3 bedroom "apartments". All of the rooms have been recently updated and painted. The motel features a swimming pool and large playground for the kids.
It sits on a nearly three acre lot and there are some trails that run through the adjacent woods.
Saco River Motor Lodge
The current list price is $1,395,000 and the gross income (in 2018) was $411,000.
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