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Bean Group
Offered at $876,000Active
beds
—
baths
0
sq ft
9,962
Built
—

400 US Route 1

Edgecomb, ME 04556

About this home

Endless Possibilities Await at The Pioneer Motel - A Rare Investment Opportunity on Bustling Route 1! Step into a turn-key hospitality venture with The Pioneer Motel, a unique income-producing property nestled on 5.75 acres of prime real estate along highly visible and well-traveled Route 1. Whether you're an investor, entrepreneur, or visionary looking to expand, this property offers incredible potential for growth, creativity, and profit. At the heart of the property is a spacious 2005 manufactured home (28x70), currently serving as both the motel office and a private residence. This comfortable and well-kept home features 3 bedrooms, 2 bathrooms, an office space, and a gated backyard complete with an above-ground pool—a perfect blend of business and personal comfort. The 1985 garage (20x26) offers even more value with a rented second-floor apartment, generating immediate income. The motel includes multiple efficiency units housed in several buildings: • Rooms 1-4: A 28x88 ft building featuring four 1-bedroom efficiency apartments. • Rooms 14-20: A 17x130 ft structure with four more 1-bedroom units (normal motel rooms), one fully finished efficiency apartment, and one additional unit currently under construction—offering instant expansion opportunity. • Units 24-30: A 28x100 ft building containing five 1-bedroom efficiency apartments, one 2-bedroom efficiency unit, and one additional 1-bedroom unit (motel room), creating a diverse portfolio of rental options. Multiple outbuildings provide ample storage for equipment and supplies, making operations seamless and efficient. With plenty of open land and exceptional road frontage, the property invites future development or expansion. Capitalize on its strategic location and steady traffic flow for maximum visibility and endless potential. Don't miss your chance to own this multi-faceted gem—The Pioneer Motel is ready for its next chapter. Will you be the one to write it?

Listing last checked: Listing updated:

Listed by Listing Agent · Cromwell Coastal Properties · MLS #1624585

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Details at a glance

Building1 property facts
Style
Mixed Use
Land & utilities4 property facts
Lot size
5.75 acres
Water
Private
Sewer
Private Sewer
Zoning
GCD
Financial2 property facts
Annual taxes
$9,138
Assessment year
2024

Location

Estimated monthly cost

Explore costs at the $876,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,191 / monthAdjust
Principal & interest
$4,430
Property tax
$762
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $9,138. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 400 US Route 1

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Request a tour of 400 US Route 1 and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

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