LEWISTON, MAINE 942 MAIN STREET - WESTBROOK, MAINE

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1 FOR FOR LEASE SALE TURNKEY DEVELOPMENT EVENT LAND CENTER & INN LEWISTON, MAINE T he former St. Patrick s Church and Rectory became the Agora Grand and Inn at the Agora after extensive renovations to both properties which are adjacent to each other. The Inn at the agora opened in 2015 in the former rectory at the corner of Bates and Walnut Streets, formerly known as Kelsey Hall. The Agora Grand Event Center opened in Taking its name from the Greek word for gathering place, in which friends and loved ones gather in celebration, the Agora Grand specializes in elegant weddings, corporate events, conferences and private parties. These two 19th century landmarks have been renovated and upgraded to complement and elevate the heritage of the buildings themselves. KEVIN FLETCHER, CCIM direct direct fax KW COMMERCIAL 50 Sewall Street Portland, ME main

2 OVERVIEW Agora Grand & Inn 8,548 SF mansion built in 1850 by Capt. Albert Kelsey 1 Walnut Street - Inn Opened in March 2015 as the Inn at the Agora (5) suites with (2) additional rooms for expanded suites Innkeeper s quarters on 3rd Floor Fully renovated with new HVAC, fire alarm and sprinkler system Kennedy Park 220 BATES STREET EVENT CENTER 14,487 sf CHURCH BUILT IN 1880 IN Neo-Gothic architectural style and designed by Patrick Keeley (designer of the Portland Cathedral) Opening in April 2016 as the Agora Grand Event Center (first wedding took place May 21, 2016) Renovations include new HVAC, fire alarm, custom lighting and sound systems, commercial kitchen flooring, bar and lounge (with $150,000 in unused state and federal tax credits) Historic charm and priceless artifacts including: rose window and other stained glass, honeymoon/guest suite in tower, Harry Cochrane painting, incredible wood and stone work, ornamentation and intricate detail. KEVIN FLETCHER KW COMMERCIAL 50 SEWALL STREET PORTLAND ME MAINECCIM.COM

3 PROPERTY SUMMARY & SALE INFORMATION Agora Grand Event Center & Inn GENERAL INFORMATION AGORA GRAND EVENT CENTER INN AT THE AGORA ADDRESS: 220 Bates Street 1 Walnut Street SITE SIZE: 1.1± acre 0.32± acre FRONTAGE: 210± feet 100± feet ZONE: Centreville Centreville ASSESSOR REF: Map 196, Lot 67 Map 196, Lot 338 DEED: Androscoggin Co. Registry of Deeds Book 8875, Page 226 Androscoggin Co. Registry of Deeds Book 8875, Page 226 TAXES: $5, ( ) $3, ( ) ASSESSED VALUE: $214, $123, WATER & SEWER: Municipal Municipal SALE INFORMATION PARKING: Large lot adjacent On site and large lot adjacent to church SELLER: OFFERING: FURNITURE, FIXTURES & EQUIPMENT: FINANCING: Agora Grand LLC The Agora Grand and Inn at the Agora are offered as a single sale Included in sale Owner financing may be considered contact broker SALE PRICE: $1,200, NOTES: 1) Financials available to qualified buyers contact broker 2) F F & E (furniture, fixtures & equipment) lists are available for the center and inn contact broker 3) Current owner may be available to advise new owner for a mutually agreed upon time period. KEVIN FLETCHER, CCIM direct direct fax KW COMMERCIAL 50 Sewall Street Portland, ME main

4 BUILDINGS SUMMARY Agora Grand Event Center & Inn AGORA GRAND EVENT CENTER INN AT THE AGORA TOTAL SF: 14,487± 8,548± BUILT: CONSTRUCTION: Masonry Masonry STORIES: 3 3 FOUNDATION: Stone Stone BASEMENT: Full Full ROOF: Slate Flat EXTERIOR: Brick Brick ELEVATOR: Yes No FLOORING: Various Various LIGHTING: New custom light and sound system Mix of hanging, table, floor fixtures NEW HVAC: (3) 120K BTU/hr 97% efficiency natural gas furnaces (3) A/C units totaling 13-tons (1) 120K BTU/hr 97% efficiency Natural gas furnaces (11) window A/C units Back-up oil furnace & radiators ELECTRICAL: Circuit breakers Circuit breakers, back-up generator MALONE COMMERCIAL BROKERS 5 Moulton Street Suite 3

5 HIGHLIGHTS Agora Grand Event Center The church closed in It was purchased by the current owner in Renovations began in July 2015 with the first wedding being held in May Renovations include: New plumbing, HVAC, life safety code systems New bar, commercial kitchen and 2-level balcony lounge New flooring, custom light and sound systems Honeymoon guest suite in tower, surrounded by stained glass New large restrooms (11 stalls in women s and 2 stalls/3 urinals in men s) Legacy features and artifacts include: (58) original pews 55± foot ceilings $150,000+ in unused State and Federal tax credits Fully licensed (event space, bar, kitchen, elevator) View of the beautiful apse and guided canopy as seen from the balcony Lounge. The lounge is a unique feature as a crash pad for newlyweds or honeymoon suite located in the tower. Upon closing, the church chose to salvage some of the pipe organ s metal, rendering the instrument inoperable. As a tribute to the church s history, the balcony lounge incorporates much of the original woodwork and some of the organ s pipes. In 2016, the Agora Grand was open April 30 through November 2. It re-opened April 29, 2017 and will be open through November 5th (but also doing two events near the end of December). MALONE COMMERCIAL BROKERS

6 HIGHLIGHTS Inn at the Agora 1850 mansion converted to rectory in Purchased by current owner in 2014 Renovations include: New HVAC, fire alarm, sprinkler system New kitchen and appliances (5) guest rooms Kelsey Family Suite, Healy Suite, Wallace Suite, McDonough Family Suite, Gleason Suite (2) annexes for family guest rooms: Kelsey Annex and McDonough Annex 3rd floor innkeeper s suite In March 2015, the Inn at the Agora was opened for year-round operation. MALONE COMMERCIAL BROKERS

7 ACOLADES & MARKETS Agora Grand Event Center & Inn 06/03/2017: I was asked to part of wedding party. The wedding itself was held at the Agora Grand, and the wedding party stayed at the adjacent inn. The whole event was great! The inn is nice, cozy and very convenient place to stay with very friendly and courteous staff. The Agora Grand formerly a church was an excellent and tasteful wedding venue. It fit 299 guests comfortably and had great acoustics for the reception after the ceremony. ININTIAL FOCUS & POTENTIAL Agora Grand LLC was initially focused on weddings for its bookings with some corporate and private functions. The event center had generally accepted only one event per week. There is significant opportunity for more events. These could include -Live events/performances Certificate of Excellence -Meetings, conferences corporate and private parties -More package deals; in-house catering; in-house rentals -Rent out lounge and/or honeymoon suite -The crypt under the chapel is very unique for further profit and fun (see website: Ideally, the event center would be open year-round like the inn. 88 Excellence rating Agora Grand LLC sites: Event Center: For the Inn: TALLEST BUILDING IN THE STATE At 220 feet (67 Meters), the Agora Grand is the tallest building in Maine. List_of_tallest_buildings_by_U.S._state MALONE COMMERCIAL BROKERS 5 Moulton Street Suite 3

8 FOR FOR SALE LEASE TURNKEY DEVELOPMENT EVENT LAND CENTER & INN LEWISTON, MAINE Subject Lewiston is Maine s second largest city with a population of over 36,000 people, and its twin city across the river, Auburn, has a population of over 23,000. The MSA population is over 100,000. Lewiston is home to Bates College, a distinguished liberal arts institution that ranks among the most prestigious in the country. The city also has campuses for the University of Southern Maine, Central Maine Community College and Kaplan University. Additionally, the city has two hospitals Central Maine Medical Center with well known cardiac and trauma units as well as Saint Mary s Regional Medical Center. Additional large employers in the area include Country Kitchen Bread, Wal-Mart Distribution Center, Sun Journal Newspaper, T D Bank, Liberty Mutual, Geiger and Diamond Phoenix System Logistics, an engineering company. KEVIN FLETCHER, CCIM direct direct fax MALONE COMMERCIAL KW COMMERCIAL BROKERS 5 Moulton Street 50 Sewall Suite Street 3 Portland, ME Portland, ME main main