Restaurant Business with
For Sale
$500,000
11 Central Street, Bangor, ME 04401
The business sale includes its brand, operating assets, food and liquor inventory, and established downtown Bangor presence.
Property Size1,765 SF
Price / SF$283.29
Days on Market31
Property Features for 11 Central Street
General Information
Standard status
Active
Size
1,765 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Currently Operating
Yes
Building Details
Building Size
1,765 SF
Listing Agency:
NextHome Experience
(207) 573-7400
Listed By:
Pamela Libby
(207) 721-0000
Source:
Amerorealty
Added: Oct 2
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Experience
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Investment Insights
Based on property information with market context.
The sale covers the 11 Central restaurant business, including its name and brand, recipes, website and social media accounts, business phone numbers, POS system, furniture, fixtures, restaurant and bar equipment, food and liquor inventory, and other operating assets. The dining and lounge areas accommodate approximately 49 seats, with 12 additional seats at the bar. The restaurant has operated for more than a decade.
The premises are leased at 11 Central Street in downtown Bangor, and the real estate is not part of the sale. Continued occupancy depends on lease arrangements. Licenses, permits, service contracts, and similar operating requirements are subject to applicable transfer, application, and approval processes.
The premises are leased at 11 Central Street in downtown Bangor, and the real estate is not part of the sale. Continued occupancy depends on lease arrangements. Licenses, permits, service contracts, and similar operating requirements are subject to applicable transfer, application, and approval processes.
Key Highlights
- Business sale includes the 11 Central name, brand, recipes, website, and social media presence
- Approximately 49 seats across dining and lounge areas, plus 12 bar seats
- Sale includes POS system, furniture, fixtures, restaurant and bar equipment, and food and liquor inventory
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,044
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,880
$480.9K
Cap Rate 7%
$343,486
$343.5K
Cap Rate 9%
$267,156
$267.2K
Market Conditions
NOI Build-Up for 1,765 SF
Gross rent
$33.5K $18.96/SF
− Vacancy
−$1.4K −$0.80/SF
EGI
$32.1K $18.16/SF
− OpEx
−$8.0K −$4.54/SF
NOI
$24.0K $13.62/SF
Area
Penobscot County, ME
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,880
Cap Rate 7%
$343,486
Cap Rate 9%
$267,156
Alternative Uses
Best Use
Specialty Retail
$343.5K
$300.6K – $400.7K
NOI $24,044 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$570.0K
$498.8K – $665.1K
NOI $39,903 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
Dollar Tree
Shops & Services
8,423 visits/mo
0.4 miles
Dollar General
Shops & Services
6,268 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,938 visits/mo
0.2 miles
TD Bank
Shops & Services
2,813 visits/mo
0.2 miles
Domino's Pizza
Dining
2,782 visits/mo
0.3 miles
Demographics for 04401, ME
44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The business sale includes its brand, operating assets, food and liquor inventory, and established downtown Bangor presence.
Where is this conventional restaurant located?
The property is located at 11 Central Street Bangor, ME.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Business sale includes the 11 Central name, brand, recipes, website, and social media presence; Approximately 49 seats across dining and lounge areas, plus 12 bar seats; Sale includes POS system, furniture, fixtures, restaurant and bar equipment, and food and liquor inventory
