Sterling

Caratunk, Maine

Asking Price: USD $695,000
Guest Rooms: 14    6

Property Overview

Historic Inn/Bed and Breakfast, in the heart of western Maine outdoor recreational area. Near the Appalachian Trail and whitewater rafting.

Don't miss this rare opportunity to own a historic 200+ year-old bed and breakfast. The Sterling Inn was built 1816 in the still popular upper Kennebec Valley. It was completely remodeled in the 1990's and the current owners have accomplished many upgrades since 2012. Currently the Sterling Inn is a meticulously maintained vibrant and profitable bed and breakfast. It offers 15guest rooms with 6 guest bathrooms. There are owner's quarters with private bath along with a third-floor room that is used for staff lodging. Located approximately 1 mile from the Appalachian Trail the Sterling Inn is a welcome stop for hikers to enjoy a hot shower, bed, and resupply at the well provisioned store at the Inn. With over 60,000 people visiting the area to enjoy whitewater rafting on the Kennebec and Dead Rivers there are always guests that desire a quiet bed and breakfast experience. The Inn is located near ATV and snowmobile trails for the motorized vehicle enthusiasts as well as ample opportunities for fishing, hunting, birding, and general relaxation. A public boat launch on Wyman Lake is on 0.5 miles from the Inn. The sale includes a long list of personal property and equipment so that there will be non-interrupted business after the purchase.

About the Owner's Quarters

Contains bedroom, office living area and bath

Features:
  • Is Historic Historic
Lifestyle:
  • Nearby Winery / Brewery Winery
  • Close to Fishing Fishing
Business Description:

Business has solid 3 season revenue. Opportunities to increase winter business from snowmobilers.

Terms of Sale:

Fee including a long list of personal property.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Mark Leathers (Listing Agent)
  2073564388

MLS:

1591043

MLS:

1591043
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Financial Overview

Asking Price:

USD $695,000

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