24 HARRIS PT RD

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24 HARRIS PT RD

EASTPORT, ME 04631-3215
Asking Price
$1.90M
Asset Type
Motel Hospitality
Class
Class B

What's Special

1,500+ Ft Deep-Water Oceanfront Frontage | Hospitality, Event & Redevelopment Opportunity <ul><li>​3.98-Acre Private Waterfront Peninsula</li><li>​1,500'± Deep-Water Ocean Frontage</li><li>​10 Cabins, 8 Motel Units & 14 RV Sites</li><li>​Private Deep-Water Dock</li><li>​Owner's Residence & Two-Story Barn</li><li>​Multiple Revenue Streams</li><li>​Significant Value-Add & Expansion Potential</li><li>​Wedding & Retreat Venue Opportunity</li><li>​Potential for Year-Round Operations</li><li>​No OTA Presence or Online Booking Platform or Website</li><li>​Growing Downeast Maine Tourism Mark

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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96

Location & Travel Times