53 North RoadPatten, ME 04765MLS Number 1534961

  • Price: $625,000
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Federal 30-year interest rate: 6.33% last updated on Dec 8, 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.
Pending
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  • 137Acreage
  • 2005Year Built
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.
Listed by Realty of Maine

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Coldwell Banker American Heritage Real Estate
Coldwell Banker American Heritage Real Estate
Office: 207-942-6773
510 Broadway
Bangor, ME 04401

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More Info

Location Information

  • Building Number53
  • StreetNorth Road
  • AssociationNo

Building

  • BasementNone, Slab
  • Stories1
  • Year Built2005
  • FoundationPillar/Post/Pier, Poured Concrete, Slab
  • Building ConstructionWood Frame
  • Building FeaturesCable, Fire System, Internet Access Available, Overhead Doors, Security System, Storage
  • RoofMetal, Pitched

Property Information

  • Property UsesCold Storage, Commercial, Net Leased, Other, Restaurant, Self Storage, Special Purpose
  • Zoning OverlayUnknown

Photos

  • Number of Photos97
  • Last Img Trans Date07/05/2022

Tax Information

  • Tax Year2,020

Location

  • StateME
  • TownPatten
  • Zip04765
  • LocationNear Shopping, Rural, Water Frontage
  • CountyPenobscot
  • MapR7
  • Road Frontage445

Property

  • Acreage137
  • Sq Ft Finished Total7,875
  • Leased LandNo

Utilities

  • Heat SystemExternal Heating Plant, Heat Pump, Multi-Zones, Radiant, Radiator
  • Heating FuelElectric, Wood
  • Waste Water DisposalPrivate Sewer, Septic Existing on Site
  • WaterPrivate, Well Existing on Site
  • CoolingHeat Pump
  • ElectricCircuit Breakers, On Site
  • GasBottled

Basic Information

  • List Price$625,000
  • MLS Number1534961
  • Address53 North Road
  • Broker NameRealty of Maine
  • Modification Date11/21/2022
  • Agent ID020810
  • Broker ID2165
  • MLS StatusPending
  • Property SubTypeMixed Use

Interior

  • FloorsConcrete, Other, Tile

Exterior

  • ExteriorMetal Clad, Vertical Siding

Amenities

  • Amenities36+ Inch Doors
  • Other AmenitiesBasement

Other

  • Parking Spaces21+ Spaces, Gravel, On Site, Parking Garage, Paved
  • View Count3

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