Own an Ogunquit institution!

Retail-Commercial for Sale
Catylist Listing ID: 30811227
Property Subtypes: Restaurant
Building Size (RSF): 4,679 SF
Gross Building Area: 9,196 SF
Gross Land Area: 0.62 Acres
Sale Price: $2,995,000
Unit Price: $640.09 PSF
Property Use Type: Investment, Business
Building Name: Roberto's Restaurant
Usable Size (USF): 4,679 SF
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/28/2022

Overview / Comments

Here is your opportunity to own an Ogunquit institution. Roberto's Italian Restaurant has been a staple of Ogunquit for 44 years! The building has three separate units which house the main restaurant,Roberto's, Roberto's Pizzeria, and a two bedroom apartment on the second level. Recent renovations include the lounge area, a favorite spot for both locals and tourists alike as well as a recently added room which is used for additional seating and to accommodate private parties. The sale of the property includes all business assets including furnishings, recipes and digital media. Don't miss your opportunity to walk in and thrive by being the new owner of this established, thriving 175+ seat restaurant!

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $6,726 (Annual)

Current Tenants

Tenant Business Name Roberto's Restaurant
Contact Name Don Wunder
Year Founded 1978
Tenant Business Name Roberto's Pizzaria
Contact Name Don Wunder
Year Founded 2011

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Town of Ogunquit
Tax ID/APN: OGUN-000006-000000-000112
Zoning: LIMITED BUSINESS DISTRICT
Retail Clientele: General, Family, Traveler, Tourist
Property Located Between: Ogunquit Beach and Perkin's Cove
Property Visibility: Excellent
Largest Nearby Street: Shore Road
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1750
Year Renovated: 2011
Roof Type: Gable
Construction/Siding: Wood Siding
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Gravel and paved
Heat Type: Electricity, Hot Water
Heat Source: Baseboard, Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities, Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,626 10,127
Median Age: 57.01 50.02
Households: 1,313 4,505

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