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3232 Aroostook RoadEagle Lake, ME 04739Price: $4,300,000

  • Price: $4,300,000
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Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $4,300,000List Price
  • 12Acreage
  • 1994Year Built

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Are you part of an investment group? Or Is it your dream to own your own business in northern Maine? The Overlook Motel, Cottages and RV Sites is a well-known, long-established thriving operation in the heart of Aroostook County. This facility has been a labor of love for the current owner since he originally built in 1994. It has grown to be the destination of choice for many of the County's visitors and now their ever-growing families and upcoming generations. This coupled with the raw breath-taking beauty of the setting and all that the local region has to offer has resulted in a steady increase in occupancy and revenue over the recent years. This has allowed the owner to reap the benefits of increased, in fact at times full occupancy during the many seasonal activity draws of the region. Overlook is a very unique facility in that it is a 12+/- acre parcel sitting on the shore of one of Northern Maine's most well-known pristine lakes yet also has frontage on ME Route 11. A major artery well-travelled by those exploring Northern Maine. This makes for easy access to an otherwise remote lake that is predominantly surrounded by conservation land. The 10 miles of lake to the east of Overlook is an impressive journey into undeveloped conservation land teaming with fish and wildlife and untamed beauty often likened to a trip back in time. This is one of only two commercially zoned lakefront lots with municipal sewer in Eagle lake. The facility is serviced by both municipal sewer and municipal water affording it the opportunity for unlimited potential expansion. There is ample room and demand for several more RV sites if desired. An onsite restaurant, ATV and Snowmobile rentals, additional cottages are a few things that could generate more revenue. All possible on this property with the additional acreage and un-restricted municipal water and waste water disposal. Another perk to the RV stations is the fact that the sewage is directly deposited into municipal sewer

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Listed by Realty of Maine

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Live Maine Team - RE/MAX Infinity participates in ©2022 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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