Historic Hotel / For Sale

Hospitality for Sale
Catylist Listing ID: 30336592
Property Subtypes: Hotel
Number of Units: 26 Units
Building Size (RSF): 15,744 SF
Gross Building Area: See Agent
Gross Land Area: 0.61 Acres
Sale Price: $1,200,000
Unit Price: $46,153.85 Per Unit
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: The Herbert Grand Hotel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2018

Overview / Comments

Featured in several publications, including Ski Magazine, Men’s Journal, and the Boston Globe to name a few, this hotel is known for its turn-of-the-century style

Turnkey opportunity with all FF&E included in sale

26 guest rooms and one owner’s triple-room suite, one retail space

Dedicated room with ski lockers and bike rack, lounge with fireplace, TV and pool table

Elegant lobby and McGregor’s Pub (seats 32, serves light food and spirit menu)

Easily accessible downtown location

Additional Details

Nearest MSA: Augusta-Waterville
County: Franklin
Tax ID/APN: Map 15 Lot 58
Zoning: VILLAGE CENTER GROWTH
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Good
Feet of Frontage: 100
Site Description: FOUNDATION: Full CEILING HEIGHT: Most rooms have 9’± ceilings FLOORS: Hardwood, terrazzo and carpet over wood LIGHTS: Portable lights placed on night stands and bureaus in guest rooms HEAT: Two Weil McLean oil fired boilers with Carlin burners with one unit serving as a back-up; oil-fired steam heat AIR CONDITIONING: Window air conditioning units in each room OIL TANK: Two 350± gallon tanks (exact size not verified) PROPANE: Propane gas is used for the fireplace, clothes dryers and cooking HOT WATER: Oil fired tanks WATER/SEWER: Municipal
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1918
Year Renovated: 2016
Roof Type: Other
Construction/Siding: Concrete, Metal Siding
Exterior Description: Clapboards
Total Parking Spaces: 23
Parking Type: Surface
Parking Description: 23± unlined parking spaces on south side and rear of hotel, street parking also available
Sprinklers: Wet
Heat Type: Oil, Steam, Other
Heat Source: Other
Zoning Description: Village Center Growth
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Municipal

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