Friars Bay Inn & Cottages is the epitome of a destination property in an authentic coastal market. The Inn is located on Campobello Island just off the coast of Maine and on the Bay of Fundy. The island is home to Roosevelt Campobello International Park which sits on 2,800 preserved acres, the centerpiece of which is Franklin D. Roosevelt’s summer home, a 34-room estate and the only park that is owned and managed by both the United Stated and Canada.
Other notable attractions include Herring Cove Provincial Park, the historic waterfront home of Admiral William Fitzwilliam Owen, Head Harbour / East Quoddy lighthouse, and a diversity of options for outdoor recreation on land and sea. The natural world is ever present on Campobello Island and it is this fact that is the island’s most enviable feature, especially when compared to more reachable markets that are increasingly becoming overrun by tourists seeking an “authentic” coastal experience.
Friars Bay Inn & Cottages offers several lodging options including three luxury attached waterside cottages (one currently used as the owner’s quarters), nine well-appointed Inn rooms in the historic “motel style” main building, which also houses the office, and a separate cottage with a full kitchen. These three buildings define the current lodging operation, however, there is ample space available for development of additional cottages as zoning permits.
There are three separate parcels that are offered with the income producing assets of Friars Bay Inn & Cottages, including beachfront on Friars Bay. The Inn’s location approximately one mile (1.5 km) from both Roosevelt Campobello International Park and Herring Cove Provincial Park, and offering direct access to the ocean and all activities within this striking coastal destination, offer an opportunity for investors and owners/operators alike.
OPTIONAL On-Site Restaurant (available for purchase separately at the Inn Buyer’s discretion). This dedicated dining and kitchen facility, The Porch, sits on a separate and significant parcel with beachfront and is currently leased to an operator who serves breakfast, lunch, and dinner to the public. This building is a short walk from the lodging facility at Friars Bay Inn, includes sufficient parking for lodging and outside guests, and, as is the case with all included parcels, offers spectacular ocean and sunset views. This asset is not included in this marketing package but can be available to a serious and qualified Buyer.
Friars Bay Inn & Cottages is offered for sale at $1,375,000 (CAD + HST).
Contact Eben Viens for more information at 802-380-7312 (text/call).
Broker of Record: Cushman & Wakefield Atlantic.
