Large Waterfront Building With Operating Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30839202
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 5,526 SF
Gross Building Area: See Agent
Sale Price: $1,195,000
Unit Price: $216.25 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2023

Overview / Comments

Total lot size: .18

River Frontage: 89 feet per survey

Total SQFT of buildings: 5526

# of Units: 2 (1 restaurant and 1 apartment $1200, below market rent)

Taxes: $13300.

Buildings were completely remodeled/rebuilt in 2008 from the foundation up.

Sprinkler system inside on all levels and outside under decks.


1st Floor:

Full commercial kitchen, walk-in cooler, dish room, and separate prep area that can be converted to additional seating with river views.

Full bar with river rock granite counter, 16 taps, 16 bar seats, 5 booths and 2 window tables 46+ seats .

Side room with 28-30 additional seats. This room is roughly 400 sqft and can be annexed from the restaurant and leased out.

Two bathrooms.

Patio roughly 30 x 50 with gas fireplaces and water views. 150+/- seats overlooking the Kennebec River.

Rear office with ½ bath off kitchen deck.

2nd Floor:

Large Function/dining room 80+ seats

Enclosed deck 12-15 seats with river views

2 large bathrooms with multiple stalls

Service Bar area for functions

3rd floor:

Office, storage and HVAC area

Lower Level:

3 separated basement areas, lots of storage, 2 walk-in coolers, small prep area with sink

Apartment with front and rear access located on the second and third floor. 2 bedrooms, full kitchen, large living room and deck overlooking river.



Finance Data Year 2023
Real Estate Taxes - Annual($) $13,300 (Annual)

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 000000000000
Zoning: COM
Lot Frontage: 89

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,527 17,969 30,929
Median Age: 48.02 43.46 43.56
Households: 807 8,142 13,943


Photograph of Listing Agent

Joseph Donald Spann

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