AVAILABLE FOR ACQUISITION
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1 1 AVAILABLE FOR ACQUISITION F O OT B R I D G E N O R T H H OT E L Property Address 1522 Post Rd (Rt 1) Wells, ME Property Highlights 12 guestrooms and suites 6 Year-round Apartments Heated Outdoor Pool Guest Barbeque Area 93 of Frontage on Rt. 1 Located on trolley line Footbridge North Hotel - Wells, Maine The Footbridge North Hotel is strategically located on highly-traveled Route 1 with easy access to I-95 and just minutes to several popular sandy beaches. The property offers 12 seasonal guestrooms, 5 yearround apartments, and a spacious owner s apartment. Additional amenities include a heated outdoor pool and barbeque/picnic area. The property is nearby to Wells beach, Moody beach, Drake Island Beach, Ogunquit Beach, Footbridge Beach, numerous hiking trails, and other recreational activities and area attractions. Exclusively Listed At $875, guestrooms and suites 6 year-round rental apartments (including a spacious unit with updated baths currently used as owner s quarters) Property includes an American Foursquare that houses the apartments and owners quarters, which could be expanded for additional bedrooms for a family by reclaiming space utilized as a rental apartment Heated outdoor pool and barbeque area with grills for guest use On-site housing for J-1 seasonal help Significant storage space on the property Convenient to Wells sandy beaches, recreational activities, restaurants, Ogunquit village, and the Kennebunks In a quiet, peaceful park-like setting
2 2 Property Data - Footbridge North Hotel Location: Year Built: Use: Square Footage: Parking: Lot Size: Construction: Exterior: Roof: Water & Sewer: Heating Air Conditioning: 1522 Post Road (Route 1), Wells, Maine 1920 (residence/apartment building); 1986 (motel); 1996 (Garage) Lodging 7,848 SF living area in 3 buildings Ample, on-site paved parking.86 +/- acres Wood frame; residence on foundation, Motel on foundation (partial concrete floor) Vinyl Siding Metal (hotel); Asphault (Garage and house) Public Oil fired forced hot air; propane; electric baseboards A/C units in guest rooms Book and Page: York County Registry of Deeds, Book 16793, Page 161 Taxes: $5,995 (2018) Price: $875,000 Listing Broker: Roger Daigle is an agent of the seller for this listing and as such, has a fiduciary responsibility to represent the sellers best interests. The information contained herein and in any supplemental documents has been furnished by the Seller. Every effort has been made to provide accurate information. However, the brokers involved are not responsible for misstatements of facts, errors, omissions, and prior sale, change of price or withdrawal from market without notice.
3 Property Photos 3
4 Tax Map 4
5 5 Social Media The current owners have committed to building their online and social media presence by utilizing online travel agencies like Expedia and Booking.com and receiving an impressive rating of 9.1, amassing a notable following on Facebook, and maintaining a traveler's rank of #5 out of 29 hotels in Wells on TripAdvisor, as well as receiving TripAdvisor s Certificate of Excellence award for both 2016 and Marketing Opportunities The current owners have started to improve the area adjacent to the pool to create a courtyard with additional public space. This area would lend itself to a gazebo or tented events such as: small weddings, family reunions and other family gatherings. This would provide yet another opportunity for expanding the reach to more specialized market segments. The property has apartments and suites that can be rented off season for additional revenues to the current performance. Additional advertising opportunities include print media, radio, and specialized publications etc.
6 Approved Site Plan 6
7 Current Site Plan 7
8 8
9 9
10 About Wells 10 Beautiful and historic Wells continues to be one of the finest family vacation spots anywhere, offering seven miles of coastline, the nationally recognized Wells Estuarine Research Reserve at Laudholm and the Rachel Carson National Wildlife Preserve. Recreational activities include kayaking, canoeing, fishing, sailing and surfing. Miles of paths are available for hiking, biking and strolling and numerous golf courses are located in the area. Local events and craft fairs are held at various times of the year and are open to the public. Lodging choices abound from cozy B&B's to fine hotels and resorts as well as campgrounds with options of simple tenting sites to full service for recreational vehicles. Dining selections include lobster and clam shacks, family-friendly restaurants and fine dining establishments. The area offers historic sites, lighthouses, antique shops, collectible bookstores, outlet stores and general retail stores for every taste and budget. The Wells Transportation Center is home to the Downeaster Passenger Train operated by Amtrak which runs from Boston's North Station to Brunswick, Maine. The center is served by taxis and trolley service. (Wells Chamber of Commerce)
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