Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30725298
Property Subtypes: Restaurant
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Sale Price: $2,200,000
Unit Price: $275 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2021

Overview / Comments

Beautiful, well established restaurant in Southern Maine. This incredible restaurant has been completely renovated, with a fresh new exterior and interior, including new restaurant equipment, furnace, electrical, walk in cooler, roof and more. The owners have successfully blended the historic charm of this 1700’s building with a modern comfortable ambiance. The restaurant has the capacity to hold large private parties and functions with its spacious open dining area, private outdoor patio, custom bar and large kitchen with abundant storage. The restaurant has an excellent reputation from which the owners have built a very successful business catering to loyal locals and seasonal visitors. In addition to the restaurant the building has additional income units with potential additional building units.

The sellers are looking forward to spending more time with their family and sharing this turnkey opportunity with a new operator.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $8,000 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 0000
Zoning: BUSINESS
Lot Frontage: 450

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,499 73,109 111,093
Median Age: 34.13 37.82 39.15
Households: 12,296 34,326 50,070

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