Retail-Commercial for Lease
Catylist Listing ID: 30782786
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Contiguous Space: 1,386 SF
Gross Building Area: 1,386 SF
Gross Land Area: 0.18 Acres
Lease Rate: $2,900 (Monthly)
$25.11 PSF (Annual)
Lease Types: NNN
Ceiling: 9 ft.
Last Updated: 5/27/2022

Overview / Comments

This is an unbeatable opportunity to open a restaurant without the high start-up costs. 2021 numbers just in – $1.0M in revenue and $278+ in cash flow! Bring your passion, your experience, and your vision, and create your own success story! Assets are to be purchased separately for $129,000 or leased at a rate of $2,550 per month.

This 1,386+/- square foot retail space currently houses a restaurant/bar. It is ideally located in downtown Freeport only a 4-minute walk from LL Bean’s flagship store with easy access Route 1 and I-295. The warm and welcoming main dining room with a full bar has the capacity to seat 42 guests. There is also outdoor patio seating available for 30 with firepits and a variety of seating options. This restaurant is the perfect place to enjoy a spectacular meal away from the hustle and bustle of Main Street.

The owner has invested regularly in the building and restaurant. Recent improvements include a new patio, a new floor in the walk-in cooler, a freshly-resurfaced kitchen floor, and a new 20kW on-demand generator (You never have to close due to inclement weather!).

The space is for lease at a rate of $2,900/month NNN.

Attachments & Media

Expand All Available Space

Suite: No Unit/Suite 1,386 SF $2,900 (Monthly) NNN
Level/Floor: First Floor
Space Available: 1,386 SF
Lease Rate: $2,900 (Monthly)
$25.11 PSF (Annual)
Lease Type: NNN
Date Available: 2/1/2022
Space Type: New
Tax Expenses $5,604 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05080_010024000000
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Route 1
Traffic/Vehicle Count: 6,130
Airports: Portland International Jetport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1988
Parking Type: Surface
Parking Description: Ample onsite parking
Lot Frontage: 174
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,485 7,879 15,907
Median Age: 42.12 44.82 44.89
Households: 710 3,209 6,578
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