Listed by Daigle Commercial Group
$995,000
Water's Edge Restaurant & Bar
Details
Property Type Retail, Hospitality
Sub Type Restaurant, Bar
Square Footage 6,275
Units 58
Price per SqFt $159
Year Built 1988
Year Renovated 2019,2022
Stories 2
Zoning TIF Gateway and Shoreland
Ground Lease No
Unparalleled Waterfront Restaurant Facility - Real Estate Included!
Marketing description
A unique opportunity to acquire a waterfront restaurant with over 200 seats on the heavily traveled Maine Coastal Route. This remarkable property offers an unparalleled dining experience and is en route to several coastal tourist destinations.
Renovated recently, the restaurant features a modern and inviting interior, with casual dining areas complete with high-end furnishings. This extraordinary property benefits from its location and proximity to nearby hotels/attractions.
Investment highlights
Property Features:
- Ample seating: 120+ seats on the first floor, and additional capacity on the second floor & rooftop deck
- Fully equipped commercial kitchen
- Attractive second-floor banquet and event facility for 90 patrons suitable for weddings, corporate events, and other events
- Stage and sound system for live music and entrainment
- Spacious basement with multiple storage rooms, office, and restroom
- Rooftop deck with striking 270° water views overlooking Sheepscot River and Cod Cove Bay
Property Highlights:
- High visibility from US Route 1; 17,850+ average daily traffic count
- Recently refurbished dining rooms with revitalized clientele offers growth potential
- Classified as a mixed-use property - opportunity for varied uses, including residential
- Ability to capitalize on exceptional location, amenities, and growing patronage
- Ideal location for gatherings and events
- Restaurant's proximity to the nearby resort attracts an on-campus captive audience
Listing Contacts
Listed by Daigle Commercial Group
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