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    157 Elm St Milo, ME 04463

    For Sale
    $450,000

    Established restaurant & brewery, immediate revenue potential.

    Property size:
    4,668 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional turnkey business opportunity in Milo, ME, presents a fully operational restaurant and brewery ready for immediate revenue generation. The property, located at 157 Elm Street, encompasses 4,668 square feet on a 1.1-acre lot and is priced at $450,000. The restaurant boasts a spacious and trendy interior dining area with seating for 85 patrons, complemented by a charming 55-seat outdoor patio featuring a refurbished 1920s caboose and plastic enclosures extending the outdoor season. An outdoor concert space provides additional entertainment options. The state-of-the-art kitchen is fully equipped with cold storage and high-end appliances, ensuring seamless operations. The brewery is a unique feature, designed for mixed-fermentation beers, wood aging, and spontaneous fermentation. It includes a rare open fermentation room—one of only three in the state—allowing for efficient and creative brewing. The brewing space can be leased separately, offering flexibility for potential buyers interested solely in the restaurant operation. This property offers a unique blend of culinary and brewing opportunities with an established customer base, promising immediate returns on investment.

    Property Features for 157 Elm St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,668 SF
    Lot Size
    47,916 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Milo
    County
    Piscataquis
    State
    Maine
    Longitude
    -68.97187
    Latitude
    45.24188

    Nearby Comparable

    • Contact for pricing
      0.54 Acres

      Commercial Land on Main Street

      Commercial land suitable for new business on Main Street.
      64 Main St, Milo, ME 04463
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    • New
      $399,000
      270.00 Acres

      270 Acres with River Frontage

      Rare 270-acre land with nearly a mile of river frontage.
      L4-M7 Off Of Carver Rd, Milo, ME 04463
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Established restaurant & brewery, immediate revenue potential.
    Where is this commercial real estate located?
    The property is located at 157 Elm St Milo, ME.
    What is the asking price?
    The asking price for this property is $450,000.
    (207) 838-7773
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    157 Elm St Milo, ME 04463
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    Milo, ME 04463
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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
    157 Elm St Milo, ME 04463
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