Bought with Non MREIS Agency
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Key Details
Sold Price $3,495,000
Property Type Commercial Sale
Sub Type General Commercial
Listing Status Sold
Square Footage 6,940 sqft
MLS Listing ID 1511424
Sold Date 06/07/23
HOA Y/N No
Originating Board Maine Listings
Year Built 1894
Annual Tax Amount $15,780
Tax Year 2021
Lot Size 1.740 Acres
Acres 1.74
Property Description
The Wolf Cove Inn is situated on the eastern shore of Tripp Lake in the Lakes Region of Maine. Resplendent with gardens, pine groves, lawns and a sweeping shoreline, guests enjoy beautiful sunsets on nearly 2 acres with over 550 feet of private shorefront on the lake. The inn features12 guest rooms - 11 in the main inn and 1 stand alone ADA compliant cabin, (built in 2016). There is a large main lounge/dining room for guests, plus a beautiful sun porch (popular for very small indoor wedding ceremonies). The commercial kitchen includes a Dacor gas range, fire suppression system hood, 3 commercial refrigerators, 3-bay sink and sanitizing dishwasher. Owner/manager's 1,200 sf apartment (renovated in 2014) consists of 2 bedrooms, 1 bath, granite kitchen, separate living and dining rooms, open floor plan, with direct access to the garage and private outdoor sitting area. Wolf Cove Inn has built a reputation for romantic, lakeside small weddings with a gorgeous waterfront backdrop. Homemade gourmet breakfasts are included with every guest stay. Add-ons include salad, pizza and dessert, chocolates and flowers, plus options for beverages with their full service liquor license. This is a strong, financially viable year round business and a wonderful opportunity for new owners to continue to grow the business and maintain the fantastic reputation.
Location
State ME
County Androscoggin
Zoning Shoreland
Direction Follow Rt. 26 North approx. 14.5 miles to intersection with Rt. 11 South. Turn left onto Rt. 11 and go 1.2 miles to Jordan Shore Drive on the right. Turn right onto Jordan Shore Drive. Wolf Cove Inn is 1st property on the right.
Rooms
Basement Brick/Mortar, Crawl Space
Interior
Heating Other, Heat Pump, Baseboard
Cooling Other, Heat Pump
Flooring Wood, Tile, Carpet
Equipment Internet Access Available, Cable
Exterior
Garage 11 - 20 Spaces, On Site
View Y/N No
Roof Type Metal
Parking Type 11 - 20 Spaces, On Site
Garage Yes
Building
Lot Description Water View, Water Frontage, Near Turnpike/Interstate, Near Airport
Building Description Vinyl Siding,Wood Frame, Generator,Fire System,Sprinkler - Wet
Story 3
Foundation Block
Sewer Private Sewer, Septic Existing on Site
Water Private, Well
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Oil
Financing Conventional
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327