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27319836
27319845

1306 Alfred Street, Arundel, ME 04046

SL
ME BA910131, NH 079844
Coldwell Banker Realty
Listed by Coldwell Banker Realty
$399,000
244 days on market
Updated 64 days ago

1306 Alfred

Details
Property Type Hospitality, Retail
Sub Type Bar, Restaurant
Units 1
Beds 2
Cap Rate 7.80%
NOI $31,243
Occupancy 70%
Tenancy Multi
Pro-Forma Cap Rate 10.00%
Pro-Forma NOI $40,243
Class C
Year Built 1940
Buildings 3
Acreage 0.930
Investment Type Value Add

Hospitality | 7.80% CAP

Marketing description

Prime Mixed-Use Opportunity on Busy Alfred Road
High-visibility location with 13,800 cars per day.

This mixed-use complex offers multiple income streams and excellent upside potential, being sold “As Is”. The property includes:

· 28-Seat Café – easily convertible to a bar or restaurant.

· Log Cabin – equipped with 30/50 amp hook-ups for a food truck, food-production area, and beer garden — ideal for brand recognition, additional income, or commissary operations.

· Two-Bedroom Home – owner/operator can live on-site.

· Small Food Production Building with Beer Garden – plus a pad with 30/50 amp hook-up for a food truck.

Investment highlights

Investment Highlights:

· Current CAP Rate: 7.9%

· Additional $30,000+ potential income from cabin/beer garden and food truck pad.

· Perfect for an owner-operator or a financial investor looking to capture multiple revenue streams.

With its prime location, flexible layouts, and built-in infrastructure for food service and hospitality, this property is positioned for strong cash flow and brand growth.

Listing Contacts

SL
ME BA910131, NH 079844
Coldwell Banker Realty
Listed by Coldwell Banker Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$31,243.00
$2,603.58/mo

Valuation Metrics

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DSCR
7.83%
Cap Rate
7.83%
ROI

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