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    224 Main St Jay, ME 04239

    Sponsored
    For Sale
    $335,000

    Established Restaurant, Riverfront Location

    Property size:
    4,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 224 Main Street in Jay, Maine presents a unique investment opportunity. The 4,500 square foot building currently operates as a long-established restaurant, boasting a spacious kitchen fully equipped for efficient food preparation. Ample parking is available for patrons, and the interior is thoughtfully divided into distinct dining and event spaces. The main dining area comfortably seats over 40 guests, while a separate event room can accommodate up to 100 people. All furniture, fixtures, and kitchen equipment are included in the sale, ensuring a seamless transition for the new owner. The property's prime location on Main Street offers excellent road frontage and benefits from high daily traffic counts exceeding 7,600 vehicles. Beyond the building itself, this expansive 2.5-acre parcel provides over 200 feet of picturesque Androscoggin River frontage, adding significant value and potential for future development. The current owner is offering assistance with the transition to new ownership, providing valuable continuity and support for a smooth handover. Priced at $335,000, this turnkey restaurant presents a compelling opportunity for a savvy investor or entrepreneur seeking a well-established business with significant growth potential.

    Property Features for 224 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,500 SF
    Lot Size
    108,900 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    La Fleurs Restaurant Restaurant

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Jay
    County
    Franklin
    State
    Maine
    Longitude
    -70.21002
    Latitude
    44.50053

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Riverfront Location
    Where is this commercial real estate located?
    The property is located at 224 Main St Jay, ME.
    What is the asking price?
    The asking price for this property is $335,000.
    (888) 439-8743
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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
    224 Main St Jay, ME 04239
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