78 Downeast HwyEllsworth, ME 04605

Property Details for 78 Downeast Hwy

Year built

2008

Lot size

1.25 AC

Property size (Sq ft)

3,120 SF

Zone code

CTDD

Property type

Turn key restaurants

APN

ELLH M:022 B:005 L:001 U:001

APU

ELLHM022B005L001U001

Description

This exceptional opportunity presents a well-established and popular restaurant for sale in Ellsworth, Maine. Located at 78 Downeast Hwy, 04605, this 3,120 square foot restaurant is a turnkey operation, complete with all equipment and furnishings included in the sale price of $91,000. The property is zoned for commercial use and was built in 1980. The current lease is assignable, and the sellers will provide comprehensive training to ensure a smooth transition for the new owner. This restaurant boasts an excellent reputation and loyal customer base, presenting significant potential for substantial earnings and growth. Situated just a half-hour from the renowned Acadia National Park and Bar Harbor, this location offers a unique blend of business opportunity and the desirable coastal Maine lifestyle. The single-tenant net lease structure simplifies ownership and management, making this an attractive investment for experienced restaurateurs or those seeking a profitable venture in a thriving community. This is a rare chance to acquire a thriving business with a proven track record in a picturesque setting. Don't miss this chance to own a piece of Maine's culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $758,269

  6.5%

  $699,941

  7%

  $649,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,027,301

  Geo Method

  $1,027,301

• Alternative Use

  Use

  Valuation

  Residential

  $590,426

  Hospitality

  $540,827

  Educational

  $449,962

  Medical

  $465,437

  Retail

  $699,941

Location Insight

City

Ellsworth

County

Hancock

State

Maine

Latitude

44.5306

Longitude

-68.3996

Property Tax & Assessments

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