78 Downeast HwyEllsworth, ME 04605

  • Retail properties
  • 3,120 SF
For Sale
$91,000 View listing

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
78 Downeast Hwy, Ellsworth, Maine

Location Insight

City
Ellsworth
County
Hancock
State
Maine
Latitude
44.5306
Longitude
-68.3996

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,198
$264,915
$324,555
$589,470
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-
-
-

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