529 3 N Route

Description

Here's a rare opportunity to own your own Hotel/Motel restaurant. This was a functioning restaurant and rental business until approximately 2 years ago. Previous owners personal situation caused them to move away and leave the property empty. The building needs an extensive renovation. 2 of the 11 units have been partially renovated. Fire chief and Planning board require some updates to get the building into compliance. As an added bonus there is a restaurant with some equipment worth cleaning and rehabbing. Other equipment would be better to replace. 7 sleeper sofas and matching chairs have recently been purchased for the rooms once renovated. This property would make a fantastic airbnb vacation rental property or return it to a 3 story hotel and live in the 3 BR 2 Bath owners quarters. A complete fire code analysis has been done and the Planning board process has been completed to re-open as a hotel and restaurant. Any change in usage would require new approval. Lack of funds causes me to put this and another real estate investment for sale. Once one sells I will keep the other one to complete. Owner is a licensed real estate agent.