973 Central Street, Millinocket, ME 04462 (MLS # 1682691)

Price $770,000
Status Active
Size 14,660 sqft
Lot Size 4.60 ac
The Pamola Motor Lodge is a 24-room exterior and interior corridor motel with a tavern and restaurant on 4.6 acres along Central Street in Millinocket, Maine "” the primary gateway community to Baxter State Park, the Katahdin Woods & Waters National Monument, and the northern terminus of the Appalachian Trail. At its highest and best use, the property offers additional upside to 28 total rooms: 1 room space in the main building currently serves as a vending area, and 3 detached rear units behind the property currently serve as the campground bathhouse "” both could be converted to guest rooms. The property was acquired by the current ownership in 2024, at which time it was closed and vacant. Since acquiring the property, ownership has replaced carpeting throughout and signed a new lease with a bar/tavern tenant. The restaurant space has been leased to the same tenant for decades and continues to generate steady rent. Combined, the two leases generate $52,200 in contracted annual rent.
Property Type(s): Commercial
Last Updated 10/1/2026 Year Built 1958
County Penobscot

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
CONSTRUCTION Frame, Wood Siding
HEAT Baseboard, Hot Water, Oil
LOT 4.6 acre(s)
LOT DIMENSIONS 4.6
MLS STATUS Active
PARKING On Site, Paved
SEWER Public Sewer
STORIES 2
TAXES 16705
UTILITIES Propane, Cable Available
WATER Public
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