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    399 Main St Presque Isle, ME 04769

    For Sale
    $695,000

    Commercial Sale, Other - Presque Isle, ME

    Lot size:
    0.17 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 399 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.17 Acres

    Building Details

    Year built
    1900
    Architectural style
    Other

    NextHome, Inc

    Listing agent The Morrison Group (207) 573-7400 License #BA923725,PersonLicenseNumber

    Listing date Sep 8, 2025

    MLS# 1612403 Listing URL

    Copyright © 2025 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant with Loyal Clientele

    The Riverside Inn Restaurant is a well-established business in Presque Isle, Maine, with a loyal customer base and seasoned employees. The restaurant specializes in authentic home-cooked breakfast and lunch, available for dine-in and take-out service, and operates seven days a week. The building was completely renovated in 2019, including new wiring, water lines, walls, insulation, flooring, bathrooms, and kitchen appliances. The kitchen features all stainless-steel appliances purchased in 2019 and is maintained in an immaculately clean condition. The property includes a dry basement for storage, a separate utility area and storage closet, and men's and women's bathrooms. Heating is provided by efficient heat pumps. The restaurant is located near the Presque Isle Stream, offering views of northern Maine. The location is near recreational activities such as ATV/snowmobile trails, Northern Maine Lakes, Rivers, and streams, Aroostook State Park, and all the amenities that the hub of Presque Isle has to offer. The business has been family-owned for 39 years, and the current owners are willing to stay on staff part-time to ensure a smooth transition. The restaurant sits on a 0.17-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Riverside Inn Restaurant American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Presque Isle
    County
    Aroostook
    State
    Maine
    Longitude
    -68.01646423
    Latitude
    46.68014145

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    FAQs

    What type of property is this?
    Restaurant - Profitable restaurant in Presque Isle, renovated in 2019.
    Where is this restaurant located?
    The property is located at 399 Main St Presque Isle, ME.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Well-established, profitable restaurant with loyal clientele and long-term staff.; - Completely renovated in 2019, including new wiring, plumbing, kitchen appliances, and interior finishes.; - Owner financing available (up to 20% of purchase price) and owners willing to stay on board for a smooth transition.
    (207) 573-7400
    Request Owner's contact information
    399 Main St Presque Isle, ME 04769
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    Presque Isle, ME 04769
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    399 Main St Presque Isle, ME 04769
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