The Solon Hotel | 4 S Main St
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The Solon Hotel 4 S Main St
22 Room Hotel Solon, ME 04979 £453,531 (£20,615/Room) 6.90% Net Initial Yield
Investment Highlights
- 24 Seat Bar
- Event Hall Seats 120
- Large Parking Lot
- Restaurant Seats 99
- 20+ Hotel Rooms To Renovate
- Located In The Heart Of Maine
Executive Summary
Historical Hotel in Central Maine. Newly renovated in 2022, 4,000 square foot restaurant & bar with function hall. Located in an ideal location with high traffic counts. All information will be released with signed NDA. MOTIVATED SELLER'S. The hotel rooms on the upper floors are awaiting a remodel and once completed will generate an additional $59,520 per month based on 12 rooms@$199 per night with a monthly occupancy rate of 80%. The function hall also generates revenue through private function rentals such as weddings proms,
birthdays, business retreats, etc
birthdays, business retreats, etc
Property Facts
| Price | £453,531 | Lot Size | 1.00 AC |
| Price Per Room | £20,615 | Building Size | 24,469 SF |
| Sale Type | Investment | No. Rooms | 22 |
| Net Initial Yield | 6.90% | Number of Floors | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1895/2025 |
| Property Subtype | Hotel | Parking Ratio | 1.23/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | £453,531 |
| Price Per Room | £20,615 |
| Sale Type | Investment |
| Net Initial Yield | 6.90% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 24,469 SF |
| No. Rooms | 22 |
| Number of Floors | 4 |
| Year Built/Renovated | 1895/2025 |
| Parking Ratio | 1.23/1,000 SF |
| Corridor | Interior |
Amenities
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | £135.51 | - |
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zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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The Solon Hotel | 4 S Main St
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