Bought with Realty of Maine
$625,000
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53 North RD Patten, ME 04765
7,200 SqFt
Key Details
Sold Price $625,000
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Sold
Square Footage 7,200 sqft
Subdivision No
MLS Listing ID 1534961
Sold Date 01/06/23
HOA Y/N No
Year Built 2005
Annual Tax Amount $5,333
Tax Year 2020
Lot Size 137.000 Acres
Acres 137.0
Property Sub-Type Mixed Use
Source Maine Listings
Land Area 7200
Property Description
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.
Location
State ME
County Penobscot
Zoning Unknown
Rooms
Basement None
Interior
Interior Features Storage
Heating Radiator, Radiant, Multi-Zones, Heat Pump, External Heating Plant
Cooling Heat Pump
Flooring Tile, Other, Concrete
Equipment Internet Access Available, Cable
Exterior
Parking Features Gravel, 21+ Spaces, On Site, Paved
Waterfront Description Brook
View Y/N No
Roof Type Metal,Pitched
Building
Lot Description Water Frontage, Near Shopping, Rural
Building Description Vertical Siding,Metal Clad,Wood Frame, Security System,Fire System,Overhead Doors
Story 1
Foundation Pillar/Post/Pier, Concrete Perimeter, Slab
Sewer Private Sewer, Septic Existing on Site
Water Private, Well
Structure Type Vertical Siding,Metal Clad,Wood Frame
Others
Restrictions Unknown
Energy Description Wood, Electric
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