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2 River Road Inn & Cottages 2 River Rd 20 Room Bed and Breakfast Cape Neddick, ME 03902 $3,060,928 CAD ($153,046 CAD/Room)
Executive Summary
Two River Road Inn and Cottages is a rare opportunity to own an established, income-producing hospitality property at the gateway to York and Ogunquit -- one of the highest-demand summer tourism corridors on the East Coast.
20 Keys in all, the property features 15 freestanding seasonal cottages and a fully renovated main house on 2.46 acres at the corner of Route 1 and River Road, minutes from York Beach, Short Sands, and Perkins Cove. The main house includes a beautifully renovated kitchen, a two-bedroom owner's suite, three guest suites, and a studio apartment. The owner just installed a new fire prevention sprinkler system required by the state. The grounds include a swimming pool and gazebo with mature landscaping and decades of returning guests -- many of them repeat bookings year after year.
What makes this property exceptional is its flexibility. It works for multiple buyer types:
For the operator or investor, it's turnkey now and ready for a new owner/operator, and the cottage layout and overall setup make this ripe for a niche rebrand: a Pet-friendly resort, Cannabis-friendly resort, LGBTQ+ destination property, or a dedicated wedding party retreat with on-site lodging. Ogunquit draws some of the most loyal and high-spending tourism audiences in New England, and all of these niches are underserved in the area.
For the lifestyle buyer -- live in the main house, put family and close friends in the cottages all summer, and offset carrying costs by renting the rest. The kind of generational compound that almost never comes to market on the Seacoast.
The infrastructure is in place. The clientele is established. Offered at $2,2195,000 - will the next chapter in this property's story be part of yours as well?
20 Keys in all, the property features 15 freestanding seasonal cottages and a fully renovated main house on 2.46 acres at the corner of Route 1 and River Road, minutes from York Beach, Short Sands, and Perkins Cove. The main house includes a beautifully renovated kitchen, a two-bedroom owner's suite, three guest suites, and a studio apartment. The owner just installed a new fire prevention sprinkler system required by the state. The grounds include a swimming pool and gazebo with mature landscaping and decades of returning guests -- many of them repeat bookings year after year.
What makes this property exceptional is its flexibility. It works for multiple buyer types:
For the operator or investor, it's turnkey now and ready for a new owner/operator, and the cottage layout and overall setup make this ripe for a niche rebrand: a Pet-friendly resort, Cannabis-friendly resort, LGBTQ+ destination property, or a dedicated wedding party retreat with on-site lodging. Ogunquit draws some of the most loyal and high-spending tourism audiences in New England, and all of these niches are underserved in the area.
For the lifestyle buyer -- live in the main house, put family and close friends in the cottages all summer, and offset carrying costs by renting the rest. The kind of generational compound that almost never comes to market on the Seacoast.
The infrastructure is in place. The clientele is established. Offered at $2,2195,000 - will the next chapter in this property's story be part of yours as well?
Property Facts
| Price | $3,060,928 CAD | Building Size | 9,631 SF |
| Price Per Room | $153,046 CAD | No. Rooms | 20 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1791/2014 |
| Property Subtype | Bed and Breakfast | Parking Ratio | 2.08/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 2.46 AC | ||
| Zoning | R1-5 | ||
| Price | $3,060,928 CAD |
| Price Per Room | $153,046 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 2.46 AC |
| Building Size | 9,631 SF |
| No. Rooms | 20 |
| No. Stories | 2 |
| Year Built/Renovated | 1791/2014 |
| Parking Ratio | 2.08/1,000 SF |
| Corridor | Exterior |
| Zoning | R1-5 |
Amenities
- Controlled Access
- Pool
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 7 | $518.75 CAD | - |
| Guest Room | 13 | $372.33 CAD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | YORK-000015-000000-000005 | Improvements Assessment | $1,629,820 CAD |
| Land Assessment | $1,241,536 CAD | Total Assessment | $2,871,356 CAD |
Property Taxes
Parcel Number
YORK-000015-000000-000005
Land Assessment
$1,241,536 CAD
Improvements Assessment
$1,629,820 CAD
Total Assessment
$2,871,356 CAD
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Presented by
Portside Real Estate Group
2 River Road Inn & Cottages | 2 River Rd
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