31 Main StOrono, ME 04473

Property Details for 31 Main St

Year built

1948

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

2,014 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

ORON M:027-002 L:020

APU

ORONM027002L020

Description

This thriving restaurant, Woodman's Bar & Grille, presents a unique opportunity for seasoned restaurateurs or aspiring entrepreneurs. Located at 31 Main St in the vibrant village of Orono, Maine (zip code 04473), this established business boasts a strong brand reputation built on consistent service, a popular menu, and a welcoming atmosphere. The 2,014 square foot space, built in 1948, is zoned for Village Commercial use and offers a turnkey operation, complete with all furniture, fixtures, and equipment included in the asking price of $199,000. This translates to a price per square foot of $98.81. Financial and lease information is available upon execution of a Confidentiality Agreement. Situated in Penobscot County, this property benefits from its prime location in a busy area, ensuring a steady stream of customers. This is an exceptional opportunity to acquire a well-established business with significant growth potential. Don't miss out on this chance to own a piece of Orono's thriving culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $489,472

  6.5%

  $451,821

  7%

  $419,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $663,136

  Geo Method

  $663,136

• Alternative Use

  Use

  Valuation

  Residential

  $381,128

  Hospitality

  $349,111

  Educational

  $290,456

  Medical

  $300,445

  Retail

  $451,821

Location Insight

City

Orono

County

Penobscot

State

Maine

Latitude

44.8834

Longitude

-68.6726

CBSA code

12620

CBSA name

BANGOR, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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