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32-Unit Motel (29 Rentable) in Western Maine Foothills Norway, ME

Property Location MAP

58 Paris Street
Norway, ME 04268

Property #: AP21011

Contact Agent

Ruth Lind, CAI, AARE, BAS
Tranzon Auction Properties

207-751-1430 rlind@tranzon.com
Excellent investment, owner/operator or conversion opportunity. This 32 room motel (29 rentable rooms) is located in the heart of Norway's commercial center. Demand generators include Stephen's Memorial Hospital, Oxford Casino, Sunday River, Mt. Abram, lakes and mountains. Currently not operating, the property is well positioned for limited updating and a return to full operation in 2021. 
 
Michael B. Carey - ME AUC Lic. 1466 | Ruth P. L. Lind - ME RE Lic. #BA923350

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Ruth Lind, CAI, AARE, BAS

Ruth Lind, CAI, AARE, BAS: Tranzon Auction Properties

207-751-1430 rlind@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyer's Premium based on the high bid.
  • Closing: 45-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Ten percent (10%) of purchase price (high bid + buyer's premium) due within twenty-four (24) hours of auction end.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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