Property profile

224 Main St Jay, ME 04239

OFF-MARKET
Commercial real estate
Property ID
US42-0283596
4,500 SF 2.5 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Total area 4,500 SF
Lot 2.5 ac (108,900 SF)
UPID US42-0283596

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

224 Main St Jay, ME 04239
Jay metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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