78 Downeast HwyEllsworth, ME 04605
- Retail properties
- 3,120 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].