Turn Key Portland Restaurant on .42 of an Acre for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30809126
Property Subtypes: Mixed Use, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 4,068 SF
Gross Building Area: See Agent
Sale Price: $2,750,000
Unit Price: $676.01 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Parker's Restaurant
Sale Terms: Undisclosed, Cash to Seller, Purchase Money Mortgage, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 8/9/2022

Overview / Comments

Opportunity to own a piece of Portland's restaurant history! Over 4,000 sq ft fully equipped restaurant for sale. Sale includes the business, land, building, and all the personal property inside the building. This property has a 30-year history of profit and growth. The current restaurant/bar seats up to 160, including a 460 sq ft function room. The property is located in the B2 zone which allows for many uses as well as expansion and potential for outdoor dining. There are 24 owned parking spots as well as deeded unlimited parking in surrounding common areas. Location, location, location!

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 401 A 044
Zoning: B2
Retail Clientele: General, Business
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Heat Type: Natural Gas
Easements Description: Deeded easement for unlimited parking in surrounding parking lots.
Land Ownership: yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,125 63,233 115,182
Median Age: 39.6 38.42 38.89
Households: 5,152 27,596 51,608


Photograph of Listing Agent

Matt DiBiase

Landing Real Estate
NECPE Member
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