Historic Restaurant Kitchen

Retail-Commercial for Sale
Catylist Listing ID: 30794204
Property Subtypes: Restaurant
Building Size (RSF): 6,744 SF
Gross Building Area: See Agent
Gross Land Area: 4.66 Acres
Sale Price: $575,000
Unit Price: $85.26 PSF
Property Use Type: Business
Building Name: Sedgely Place
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/26/2022

Overview / Comments

This property is ready to adaptively reuse as a microbrew tap room/pub destination. The Sedgley Place's reputation pervades a relaxing atmosphere, great food and stellar service. Strong business with potential for more growth. This is an award-winning, successful, turn-key business. No deferred maintenance. Walk in and operate now. The historic 1780's federal home has hosted many special dinners over its 200+ years and has long been a staple in the Lewiston/Auburn community as well as to tourists. Today, its warmth draws visitors into the dining area with varnished wide beam floorboards, ornate wallpapered walls, and exposed beams. The five course dinner service experience and daily offerings of native seafood, steaks, butcher cuts, and fresh produce provide impeccable pairings.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $6,325 (Annual)

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: GRNE-000006-000000-000008
Zoning: VILLAGE II DISTRICT
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,000 SF
Property Condition: Excellent
Year Built: 1790
Lot Frontage: 450

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,350 16,941
Median Age: 42.58 40.91
Households: 1,676 6,781

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