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400 US Route 1, Edgecomb, ME 04556

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For Sale

$895,000

9,962 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $89.84
    Price per square foot

Explore this Property

Endless Possibilities Await at The Pioneer Motel - A Rare Investment Opportunity on Bustling Route 1! Step into a turn-key hospitality venture with The Pioneer Motel, a unique income-producing property nestled on 5.75 acres of prime real estate along highly visible and well-traveled Route 1. Whether you're an investor, entrepreneur, or visionary looking to expand, this property offers incredible potential for growth, creativity, and profit. At the heart of the property is a spacious 2005 manufactured home (28x70), currently serving as both the motel office and a private residence. This comfortable and well-kept home features 3 bedrooms, 2 bathrooms, an office space, and a gated backyard complete with an above-ground poolâ a perfect blend of business and personal comfort. The 1985 garage (20x26) offers even more value with a rented second-floor apartment, generating immediate income. The motel includes multiple efficiency units housed in several buildings: â ¢ Rooms 1-4: A 28x88 ft building featuring four 1-bedroom efficiency apartments. â ¢ Rooms 14-20: A 17x130 ft structure with four more 1-bedroom units (normal motel rooms), one fully finished efficiency apartment, and one additional unit currently under constructionâ offering instant expansion opportunity. â ¢ Units 24-30: A 28x100 ft building containing five 1-bedroom efficiency apartments, one 2-bedroom efficiency unit, and one additional 1-bedroom unit (motel room), creating a diverse portfolio of rental options. Multiple outbuildings provide ample storage for equipment and supplies, making operations seamless and efficient. ional road frontage, the property invites future development or expansion. Capitalize on its strategic location and steady traffic flow for maximum visibility and endless potential. Don't miss your chance to own this multi-faceted gemâ The Pioneer Motel is ready for its next chapter. Will you be the one to write it? Call Julie Cromwell to set up your private viewing.
MLS# 1624585

Courtesy Of Cromwell Coastal Properties, PA
PO Box 1557, Wiscasset, ME 04578
(207) 882-9100

Property Features

  • Lot Size
    5.75 Acres

Map and Directions

Directions to 400 US Route 1, Edgecomb, ME 04556

Home seller CENTURY 21 Venture Ltd.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Venture Ltd.

(207) 622-6221
Learn More About Us

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.