MALONE COMMERCIAL BROKERS | 5 MOULTON ST, PORTLAND, ME 04101 | 207.772.2422 | MALONECB.COM UNIQUE PROPERTY ON A GORGEOUS LAKE WITH SPACIOUS OWNER’S RESIDENCE 183 LAKE ROAD, WILTON, ME 31-unit motor inn on 2+ AC in a quiet setting on the shore of beautiful Wilson Lake Located in the foothills of Maine’s Lakes and Mountain Region, one mile from Route 2 & 4 Junction in Wilton Meticulously landscaped grounds and perennial gardens offer a quiet respite to business travelers and tourists alike A 58’ dock, kayaks, canoe and rowboat provide swimming, fishing and boating opportunities on the lake SALE PRICE: $1,950,000 AN “AWARD WINNING” LAKESIDE MOTOR INN IN MAINE’S LAKES & MOUNTAIN REGION JOHN DOYON, CCIM 207.772.8300 direct 207.450.8003 cell [email protected]
LOCATED IN MAINE’S LAKES & MOUNTAIN REGION | INTRODUCTION TO THE AREA
The Wilson Lake Inn is located in the town of Wilton which offers many activities. There is golfing at Wilson Lake Country Club and walking trails at the Foothills Land Conservancy at the head of the lake. Kineowatha Park, a 62 AC park provides tennis, basketball and volley ball courts, a sandy beach, walking trails, and a winter ice rink. Bass Park, located at the foot of the lake,
has a new playground and large gazebo with great views across the lake.
Wilson Lake Inn is just minutes from the University of Maine in Farmington which offers many educational and cultural events. Augusta, the State capitol
is just a 50 minute drive; Portland and the coast are 90 minutes.
Outdoor enthusiasts will enjoy great hiking at Mt. Blue State Park, the largest state park in Maine; as well as the trails on Tumbledown, Jackson and Bald Mountains. Skiers and snowboarders have a variety of challenging mountains and hills to choose from for both alpine and cross country. There is something for every age and ski level. Sugarloaf’s summit of offers the only lift-serviced above-tree line skiing in the Northeast and is a 45 minutes away. Closer, there is Titcomb Mountain in Farmington and Black Mountain in Rumford; both with alpine and cross country trails. For snowmobilers, the motor inn has direct
access to ITS 82 and is only three miles to the junction of ITS 82 and 89.
Open year-round, Wilson Lake Inn is financially viable and has strong repeat business. It is a unique property offering a rural life style and a growth
OWNER: Wilson Lake Inn: WHAT, Inc Owner’s residence: Thomas J. Whalen & H. Susan Atwood
ADDRESS: 183 Lake Road, Wilton, Maine
DEED: Inn: Franklin County Book 2486 Page 68 Owner’s residence: Book 1377 Page 338
ASSESSOR: Map 19 Lots 024, 024-1 and 004
LAND: 2.07± AC total
BUILDING SIZE: 13,350± SF - main/annex buildings and owner’s residence
ZONING: Zoning 1 Commercial and Zoning 2 Residential 2
TAXES: $20,744 (2018)
PROPERTY SUMMARY
THE WILSON LAKE INN | PROPERTY DATA
CONSTRUCTION: Main building circa 1950s, additions in 1970s, 1980s and 1996 Annex circa 1960, addition 2000 Owner’s residence circa 1970s, addition 1980s
GUEST ROOMS CONFIGURATION:
Main Building 25 guest rooms, lobby, office, housekeeping area, laundry Office – computer & monitor, Brother printer/copier/fax, cash register; guest computer, monitor & printer Housekeeping/laundry – refrigerator; two commercial washers & dryers 2 – Two-bedroom Suites w/full kitchen, living room and dining space (one suite has three beds) 4 – Studios (2 queen beds) with fully equipped kitchen 3 – Single bed rooms (1 full, 1 queen & 1 king) 16 – Two-bed guest rooms (full & queen or two queen beds) Annex 5 guest rooms, guest laundry, storage area, maintenance garage 1 – Single queen room 1 – Large King room 3 – Two-bedroom suites w/full kitchen, living room and dining space (one suite has three beds) Guest Laundromat – two coin operated washers & dryers/coin operated soap dispenser
OWNERS’ RESIDENCE: Single family home Two-bedroom home, meeting room, one-bedroom suite Spacious kitchen/family room (refrigerator & stove included) Sunroom, living room, spare room, office Two full bathrooms Attic storage and unheated storage room Large, heated indoor 2 vehicle garage/workspace Washer & dryer Exterior three-vehicle garage Exterior storage shed (attached to residence) One Bedroom Suite - with full kitchen, living room and dining space Meeting Room - 15’ x 34’ room, five folding tables, thirty chairs Note: Meeting room adjacent to one-bedroom suite that provides kitchen and bath facilities for the meeting room
ASPHALT SHINGLED ROOF:
Main building - October 2012 Annex - 2000 Owner’s residence - November 2017
EXTERIOR: Vinyl and clapboard
FOUNDATION: Main Building - partial basement Annex - full basement Owner’s residence - slab foundation
FLOORS: Carpet, synthetic wood, vinyl, tile mix
WINDOWS: Double-paned
HEAT AND HEAT SOURCE:
Main Building Oil fired baseboard heat and hot water system with three recently installed 275± oil tanks 500 gallon propane tank (serves laundry dryers & backup generator) Annex Oil fired baseboard heat with 275± gallon tank Electric water heater Propane for guest laundromat dryers Owner’s Residence Hot water baseboard and radiant heat provided by Main building Propane for hot water
AIR CONDITIONING: Individual wall units
WATER/SEWER: Private drilled well, new pump - 2015 Public sewer
ELECTRICAL: Main building - 400 amp Annex - 200 amp Owner’s residence - 400 amp
SPRINKLER SYSTEM: Main building only
GENERATOR: Propane fired generator with automatic transfer switch that provides the main building and owner’s residence with full power
PARKING: 40 marked parking spaces with a designated area for trailers or
recreational vehicles
PROPERTY SUMMARY
THE WILSON LAKE INN | PROPERTY DATA
This document has been prepared by Malone Commercial Brokers (MCB) for advertising and general information only. MCB makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. MCB ex-cludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice.
Malone Commercial Brokers is acting as the Seller’s/Lessor’s agent in the marketing of this property. 11.5.18
PROPERTY SUMMARY
THE WILSON LAKE INN | MOTOR INN INFORMATION
RECENT IMPROVEMENTS (PARTIAL LIST) For a complete list of renovations and improvements, see Broker Pylon sign and front entry canopy upgraded to LED lights Guest units updated Three oil tanks replaced in main building Owner’s residence roof replaced New well pump installed Access road – additional foot of gravel added and graded
RESERVATION PROGRAM Guest Point through Centium Software
HOTEL POLICIES No pets allowed in rooms or on grounds All non-smoking rooms; designated smoking area away from buildings
EQUIPMENT The following equipment conveys with motor inn: Kubota tractor (30 hp with heated cab), bucket, snow thrower and grader blade Cub Cadet riding lawn mower DR leaf bagger Toro push mower Three garden hoses and garden tools
AMENITIES All guest rooms, studios and suites have private bath, high speed fiber optic internet, flat screen TV with cable, refrigerator and wall mounted AC units Other amenities include laundromat facilities, meeting room, four barbecue areas with grills, drink vending machine, four picnic tables, 18 Adirondack style plastic lawn chairs, 30 porch chairs, 58’ aluminum dock with wooden decking, stairs and ladder, five kayaks, one canoe and one row boat
SALE PRICE: $1,950,000
PROPERTY SUMMARY
THE WILSON LAKE INN | FINANCIALS
ASSESSMENT: Main Building and Annex Land $153,536
Buildings $568,160 Total $721,696 (ME assessments do not reflect market value) Owner’s Residence
Land $ 44,442
Building $212,635 Total $257,077
PROPERYT TAXES: $20,744 (2018)
INSURANCE VALUATION:
$2,500,000± plus $250,000 for contents
FF&E: Motor inn will convey with all guest units as currently furnished
DUE DILIGENCE Buyers assume the responsibility to conduct due diligence to verify brochure details and to gain a further understand-ing of the building systems.
PHOTOS All photos courtesy of and protected by Susan Atwood
