Catylist ID:
#30842907
SELLER FINANCING AVAILABLE / TURN-KEY RESTAURANT
Retail-Commercial
for Sale
| Catylist Listing ID: | 30842907 |
| Property Subtypes: | Restaurant, Tavern/Bar/Nightclub |
| Building Size (RSF): | 7,981 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $3,500,000 |
| Unit Price: | $438.54 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 10/23/2024 |
Overview / Comments
|
- 6,981± SF turn-key restaurant in the heart of Downtown Portland with a 1,000± SF patio Premium signage available and inviting oversized floor to ceiling windows along the Street - 280+ seating capacity between the main seating area, lounge, bar, chef's table, patio and 1,400± SF private dining room. - Greater Portland population of 550,000+ with 5,400,000 annual visitors - 93 Walk Score – Walker's Paradise - Located in the heart of Portland's vibrant culinary scene and historic area known for its charming brick buildings and bustling waterfront. The area is home to a diverse array of businesses, including boutique shops, galleries, restaurants, and bars, making it a popular destination for locals and tourists alike. - Lease Rate: $30.00/SF NNN - Sale Price: $3,500,000 plus FF&E |
Attachments & Media
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $19,897 (Annual) |
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | Cumberland |
| Tax ID/APN: | 05170_040 E003 |
| Zoning: | B5B |
| Property Condition: | Excellent |
| Year Built: | 2014 |
| Total Parking Spaces: | 2 |
| Sprinklers: | Wet |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Interior Description: | Inquire with broker for full list of equipment and furniture |
| Lot Frontage: | 1 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 21,727 | 73,892 | 111,093 |
| Median Age: | 35.1 | 37.61 | 39.15 |
| Households: | 11,730 | 34,530 | 50,070 |
| The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
