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53 North RoadPatten, ME 04765Price: $625,000

  • Price: $625,000
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 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.
  • $625,000List Price
  • 137Acreage
  • 2005Year Built

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This a great investment property for both investors and owner operators. The current restaurant facility is only operated part time by the present owners by choice. Both the ATV and snowmobile trails go literally right through the parking lot making this a premium location for hungry riders. The restaurant revenue could be increased many fold if the hours of operation were expanded. This could be built into a destination of choice for the ever increasing ATV and snowmobile traffic in the area. The 5000 square foot hanger building with an additional 1100 feet of heated shop space provides additional revenue from renting the hanger space. There is also another building onsite that pays an annual rental fee for the ground it sits on. The potential to increase the income of this property is limitless. The 2500 foot grass landing strip could easily be extended to 3500 feet and affords the small plane pilots the opportunity to drop in for a bite to eat as well. This is a prime spot for RV sites with its proximity to Baxter State Park and the Katahdin Woods and Waters National Monument. Add a fueling station for the recreational vehicles creating yet another reason for the riders to visit. Rent storage space to RV owners in the Hanger. The 40 foot wide x 12 foot high hanger door on each end and scissor trusses make this a very versatile building. The back end of the restaurant has an additional full bath and could easily be expanded into living quarters. The imagination is the only limiting factor to this facility's potential. The 1000 feet of Weeks Brook frontage would make a beautiful setting for strategically placed RV sites. All of this sitting on a generously sized 137+/- acre lot just 2 minutes from the center of the town of Patten. Location, location, location. To replicate this today would be far more than the asking price. The earthwork, oversized septic and well alone would account for a fair portion of it. Schedule a showing to day.

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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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