$2,250,000
( $112.50Per Sq Foot )
 $12,078 est/mo Sourced by Back At You

1963 Medway Road , Medway, ME 04460

Medway, ME 04460

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Description

Rare opportunity to own a well run hotel at the gateway to the greatest Maine has to offer in outdoor activities. This hotel, built in 1995, has 38 rooms varying from a single up to a two bedroom and also offers efficiency apartments for longer stays. The conference room has been used for business meeting, reunions and even a local wedding. There is also a well ventilated 60'x80' building attached that could be used for ATV or Snowmobile storage. This property is connected directly to the ITS. More than 60,000 people visit Baxter State park every year, making this a prime place to stay wither before or after hiking. The current owners have had hundreds of hikers who have used Baxter State Park to start or finish the Appalachian Trail. With plenty of lakes ad rivers in the area, this hotel offers the ability to stay close to the best outdoor recreation areas Maine has to offer.

Details

MLS#1600243
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1995
Days On Site157
Listing Provided ByRE/MAX Collaborative | James Spear

Features

SQ Feet20,000
BasementY
Story(s)3
ZoningCommercial
Acreage5.63

Market Activity 04460

    
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2025 Maine Real Estate Information System, Inc. All Rights Reserved.

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Learn More About This Property

StateME
CountyPenobscot
CityMedway
Zip Code04460
Listing VS Median (in 04460)
Price:
$2,250,000
low | high
Med:
$49,000
100% of Average
SqFt:
20,000
low | high
Med:
720
100% of Average
$ / SqFt:
$113
low | high
Med:
$68
89.506172839506% of Average
On Site:
157
low | high
Med:
295.000000
53.220338983051% of Average
Sourced by Back At You
Listing Updated: January 3, 2025 at 3:35:55 PM PST