About this home
The Gateway Motel presents a rare value-add lodging opportunity in the heart of Maine's St. John Valley. The property includes 33 rentable guest rooms, an on-site restaurant with a full commercial kitchen, and an attached 3-bedroom owner's residence, offering convenience and operational efficiency for an owner-operator. An additional 12 units are not currently rentable, requiring full renovation—providing meaningful upside for a buyer looking to expand room count and reposition the asset. The property benefits from excellent visibility, ample parking, and several demand drivers in the region, including outdoor recreation and local workforce travel. While current operations are limited, the Gateway Motel offers a solid foundation for new ownership to modernize, rebrand, and capture the area's lodging needs.
Listing last checked: Listing updated:
Listed by Listing Agent · Keller Williams Realty · MLS #1682373
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Details at a glance
Building3 property facts
- Style
- General Commercial
- Year built
- 1959
- Roof
- Metal
Land & utilities2 property facts
- Lot size
- 5.13 acres
- Zoning
- Rural Farm & Forest
Financial2 property facts
- Annual taxes
- $15,208
- Assessment year
- 2022
Location
Estimated monthly cost
Explore costs at the $650,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$4,554 / monthAdjust
- Principal & interest
- $3,287
- Property tax
- $1,267
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $15,208. 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 735 Main Street
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