Catylist ID:
#30869204
Large Waterfront Building With Operating Restaurant
Retail-Commercial
for Sale
| Catylist Listing ID: | 30869204 |
| Property Subtypes: | Restaurant, Tavern/Bar/Nightclub |
| Building Size (RSF): | 5,526 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,250,000 |
| Unit Price: | $226.20 PSF |
| Property Use Type: | Investment, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/28/2024 |
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: $13300. Buildings were completely remodeled/rebuilt in 2008 from the foundation up. Sprinkler system inside on all levels and outside under decks. Restaurant: 1st Floor: Full commercial kitchen, walk-in cooler, dish room, and separate prep area that can be converted to additional seating with river views. Full bar with river rock granite counter, 16 taps, 16 bar seats, 5 booths and 2 window tables 46+ seats . Side room with 28-30 additional seats. This room is roughly 400 sqft and can be annexed from the restaurant and leased out. Two bathrooms. Patio roughly 30 x 50 with gas fireplaces and water views. 150+/- seats overlooking the Kennebec River. Rear office with ½ bath off kitchen deck. 2nd Floor: Large Function/dining room 80+ seats Enclosed deck 12-15 seats with river views 2 large bathrooms with multiple stalls Service Bar area for functions 3rd floor: Office, storage and HVAC area Lower Level: 3 separated basement areas, lots of storage, 2 walk-in coolers, small prep area with sink Apartment with front and rear access located on the second and third floor. 2 bedrooms, full kitchen, large living room and deck overlooking river. PLEASE CONTACT BROKER FOR MORE DETAILS. SIGNED NDA REQUIRED FOR FINANCIALS. |
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $13,300 (Annual) |
Additional Details
| Nearest MSA: | Augusta-Waterville |
| County: | Kennebec |
| Tax ID/APN: | 000000000000 |
| Zoning: | COM |
| Lot Frontage: | 89 |
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 |
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