945 Main ST, Sanford, Maine 04073 - $799,000

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This complex of three buildings features a classic, well-maintained John Calvin Stevens home with a new slate roof, containing office and meeting areas, four additional hotel rooms and two other buildings with 18 rooms, totaling 25 hotel rooms. Katherine Hepburn stayed in the hotel several times in the past. The current owner has transitioned to longer-term stays and occupancy has remained near capacity throughout the year. This could easily be converted to a bed & breakfast or office property. A solid investment with a CAP rate of 12.5%.
Price: $799,000
Year Built: 1904
Square Footage: 10681
Lot Size: 1.23
MLS: 1364938
Fireplace: Yes
Amenities: Out building, Porch
Water Frontage: No
Taxes: $15,291.00
Sewer: Public
Water: Public
Agency: Coldwell Banker Residential Brokerage

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