Turn Key Restaurant on Iconic Route 1

Retail-Commercial for Sale
Catylist Listing ID: 30041078
Property Subtypes: Restaurant
Building Size (RSF): 2,381 SF
Gross Building Area: See Agent
Sale Price: $230,000
Unit Price: $96.60 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/6/2017

Overview / Comments

Iconic Route1 location just North of Belfast has boasted "GREAT MAINE FOOD" since 2009, is ready for the next generation of owners to move in. Fully Renovated in 2009, the kitchen is fully equipped and ready to serve the thousands of tourists and dedicated local patrons. The dining area can accommodate 20 customers comfortably with room to grow and outdoor seating in the summer months. Upstairs the spacious one bedroom apartment allows for owner/manager or income potential as a rental in a centrally located high traffic area. 8 minutes from Belfast, 1 hour from MDI/Acadia.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $3,774 (Annual)

Additional Details

Nearest MSA: Bangor
County: Waldo
Submarket/Township: Bangor/Brewer
Tax ID/APN: STOS-000004R-00179A
Zoning: COMMERCIAL
Lot Frontage: 100

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,591 5,459
Median Age: 49.31 47.3
Households: 694 2,409

Contact

Photograph of Listing Agent

Ed Herczeg

TMREN COMMERCIAL Real Estate Brokerage
NECPE Member

Source

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