Catylist ID:
#30861362
| Catylist Listing ID: | 30861362 |
| Property Subtypes: | Restaurant |
| Condo? | Yes |
| Building Size (RSF): | 6,275 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,175,000 |
| Property Use Type: | Investment, Business |
| Sale Terms: | Undisclosed |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/9/2024 |
Overview / Comments
|
A rare opportunity to acquire a unique landmark waterfront restaurant and event venue in the heart of Mid-Coast Maine adjacent to a beautiful tidal river. Property Features: • Total seating for 300 patrons with 150 seats on the first floor and a capacity of 90 on the second floor with seating for 60 on the rooftop deck • Fully equipped commercial kitchen • Attractive banquet and event facility on second floor with capacity for 90 patrons to accommodate weddings, corporate events and other group business • Stage and sound system for live music and entrainment • Spacious basement with multiple storage rooms, office, and restroom • Rooftop deck with striking 270° water views, overlooking Sheepscot River and Cod Cove Bay • Restaurant's proximity to the nearby inn and resort further bolsters its patronage and attracts a captive audience High Visibility from US Route 1 with an average daily traffic counts of 17,850+ • Recently refurbished and revitalized clientele provides ample growth opportunity • Compelling investment opportunity to capitalize on its exceptional location, amenities, and growing patronage • Ideal location for gatherings and events • Rooftop Deck with panoramic Waterview |
Additional Details
| Nearest MSA: | Augusta-Waterville |
| County: | Lincoln |
| Taxing Authority: | Municipal |
| Tax ID/APN: | U05-007 |
| Is Condo?: | Yes |
| Zoning: | EDGECOMB GATEWAY DISTRICT AND SHORELAND OVERLAY |
| Retail Clientele: | General, Traveler, Tourist |
| Property Visibility: | Excellent |
| Property Condition: | Excellent |
| Year Built: | 1988 |
| Year Renovated: | 2022 |
| Roof Type: | Gable |
| Construction/Siding: | Wood Siding |
| Parking Type: | Surface |
| Heat Type: | Electricity |
| Heat Source: | Heat Pump |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable |
| Lot Frontage: | Unknown |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Other |
| Land Ownership: | Condominium |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 4,981 | 8,161 |
| Median Age: | 44.07 | 45.48 |
| Households: | 2,043 | 3,420 |
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