FOR SALE: Hermon Mountain Ski Area in Maine ($5 Million)

“We’re hoping for somebody who is already running a lodge in the area will want to keep it running, as it is, or want to expand it. Maybe build another lodge, and expand the summer season so people could do weddings, potentially, or summer camps. Stuff that they just didn’t have the opportunity to do.”– Jessica Wiltbank, Listing Broker

Another day, another ski area for sale. Maine Radio Station Q106.5 reports that Hermon Mountain (also referred to as New Hermon Mountain) was recently listed for sale by SVN The Masiello Group. Priced at $5 million, the ski area has been a community staple in the town of Hermon for decades. Since the Whitcomb family bought the mountain in 1988, they have added a refurbished double chairlift, snowmaking, night skiing, and tubing, along with expanding their base lodge. Jessica Wiltbank, the Listing Broker, describes the benefits of buying the ski area as follows:

“It is 67.5 acres total with room for expansion. Everything goes with it. All the equipment. All the equipment that is rented out to skiers, everything. It’s a turn-key sale…There’s a lot of local pride in Hermon Mountain. Really in all of Eastern and Central Maine, there’s really nowhere else to go skiing that’s easy access out of Bangor. Hermon Mountain is an important part of the community. It’s not just a place to go ski, but it’s a gathering place for people.”

You can view the listing here.