About this home
The Pamola Motor Lodge is a 24-room exterior and interior corridor motel with a tavern and restaurant on 4.6 acres along Central Street in Millinocket, Maine — the primary gateway community to Baxter State Park, the Katahdin Woods & Waters National Monument, and the northern terminus of the Appalachian Trail. At its highest and best use, the property offers additional upside to 28 total rooms: 1 room space in the main building currently serves as a vending area, and 3 detached rear units behind the property currently serve as the campground bathhouse — both could be converted to guest rooms. The property was acquired by the current ownership in 2024, at which time it was closed and vacant. Since acquiring the property, ownership has replaced carpeting throughout and signed a new lease with a bar/tavern tenant. The restaurant space has been leased to the same tenant for decades and continues to generate steady rent. Combined, the two leases generate $52,200 in contracted annual rent.
Listing last checked: Listing updated:
Listed by Listing Agent · CENTURY 21 Queen City Real Estate · MLS #1682691
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard, Hot Water
- Cooling
- Window Unit(s)
- Flooring
- Carpet, Laminate, Tile
Building4 property facts
- Style
- General Commercial
- Year built
- 1958
- Foundation
- Poured Concrete
- Roof
- Membrane
Land & utilities4 property facts
- Lot size
- 4.6 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- HC
Financial2 property facts
- Annual taxes
- $16,705
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $770,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,286 / monthAdjust
- Principal & interest
- $3,894
- Property tax
- $1,392
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $16,705. 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.
Explore more of Millinocket
Continue your search in Millinocket.
Need help making sense of this home?
About 973 Central Street
Can I request a private showing?
Request a tour of 973 Central Street 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?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.