About this home
Motivated Seller, estate sale. This mid-coast motel along busy coastal Route 1 has operated for many years as the Rocky Ridge Motel. With 3.5 acres, a desirable corner lot & offering 1,100'+/- of road frontage situated along both US-1 & Stagecoach Road. Its buildings offer a main office with 2BR/1BA residence, apartment, 18 guest rooms, detached single family home & 2 car garage. Guest rooms include single & double occupancy rooms including a central laundry room. A prime location complete with Sandy Point Beach just across the road & down the hill. Maine DOT traffic data shows an average of 6,000+ per day!
Listing last checked: Listing updated:
Listed by Listing Agent · Two Rivers Realty, LLC · MLS #1608436
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Details at a glance
Interior3 property facts
- Heating
- Electric, Oil, Propane, Baseboard, Forced Air, Hot Water, Zoned
- Cooling
- None
- Flooring
- Carpet, Vinyl, Wood
Building3 property facts
- Style
- General Commercial
- Foundation
- Stone, Pillar/Post/Pier
- Roof
- Metal, Shingle
Land & utilities4 property facts
- Lot size
- 3.5 acres
- Water
- Private, Well
- Sewer
- Private Sewer
- Zoning
- Commercial
Financial2 property facts
- Annual taxes
- $6,743
- Assessment year
- 2024
Location
Estimated monthly cost
Explore costs at the $274,900 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,952 / monthAdjust
- Principal & interest
- $1,390
- Property tax
- $562
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,743. 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 622 US-1
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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