Building Details

Building Size 1,358 SF

Year Built 1900

Stories 2

Listing Agency: LUX Realty d***@luxrealty.com Show Phone

Listed By: Samantha Drake Show Phone

Source: Amerorealty

Added: Jun 5, 2023 Changed: Oct 31 Last Checked: Oct 31 at 2:27PM

Report an Issue

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 LUX Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,358-square-foot restaurant property includes the real estate, furniture, fixtures, and equipment. The dining room seats 36, with an outdoor deck for approximately 12 additional guests. A commercial kitchen supports food service, while the upper level provides storage or optional manager quarters. The building dates to 1900 and is zoned B-3.

At 17 Pepperell Square in downtown Saco, the property is positioned along the riverfront within Pepperell Square. The location draws pedestrian traffic as well as destination shoppers.

Key Highlights

• 1,358‑square‑foot restaurant property, built in 1900
• Indoor seating for 36 and an outdoor deck accommodating approximately 12 more
• Commercial kitchen; furniture, fixtures, and equipment included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,425

Cap Rate

2.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$328,500 $328.5K

Cap Rate 7%

$234,643 $234.6K

Cap Rate 9%

$182,500 $182.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,358 SF

Gross rent

$24.4K $18.00/SF

− Vacancy

−$2.5K −$1.87/SF

EGI

$21.9K $16.13/SF

− OpEx

−$5.5K −$4.03/SF

NOI

$16.4K $12.09/SF

Area

York County, ME

Vacancy

10.41%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$328,500

Cap Rate 7%

$234,643

Cap Rate 9%

$182,500

Alternative Uses

Best Use

Specialty Retail

$234.6K

$205.3K – $273.8K (±1% cap)

NOI $16,425 @ 7.0% cap · market cap 2.89%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$430.5K

$376.7K – $502.2K (±1% cap)

NOI $30,134 @ 7.0% cap · market cap 5.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Finest Kind Restaurant Dependable Auto Transport Trucking Company The New Moon Restaurant

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Dental Office Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,475

Businesses Nearby

94k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 43% Groceries 29% Apparel 25% Dining 4%

Shaw's Supermarket Groceries

26,960 visits/mo 0.5 miles

Reny's Apparel

23,122 visits/mo 0.4 miles

Mobil Shops & Services

9,313 visits/mo 0.3 miles

TD Bank Shops & Services

6,745 visits/mo 0.4 miles

The UPS Store Shops & Services

6,152 visits/mo 0.4 miles

Demographics for 04072, ME

20,381

Population

9,619

Households

2.1

Avg Household Size

43

Median Age

40%

College-Educated

96%

High-School Grad

38.6 sq mi

ZIP Area

528

Density / Sq Mi

$84,328

Median Household Income

$47,419

Median Earnings

$1,268

Median Rent

$370,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Freestanding Restaurant Building

512 Main Street, Saco, ME 04072

$1,595,000

6,912 SF

View details

Single-Level Mixed-Use Property

292 Main Street, Saco, ME 04072

$349,900

1,288 SF

View details

Duplex with Detached Garage

41 Locke Street, Saco, ME 04072

$499,900

1,646 SF

View details

Duplex With Private Decks

16 Caryn Drive, Saco, ME 04072

$575,000

1,938 SF

View details

Single-Story Three-Bedroom Duplex

4648 46-48 Glenwood Ave, Saco, ME 04072

$499,000

1,942 SF

View details

Duplex with Private Decks

27 Elmwood Drive, Saco, ME 04072

$389,000

952 SF

View details

Renovated Office Building

823 Portland Road, Saco, ME 04072

$399,000

864 SF

View details

2-Unit Duplex with Detached Garage

35 Nye Street, Saco, ME 04072

$465,000

2,433 SF

View details

3-Unit Triplex with Unfinished Attic

79 James Street, Saco, ME 04072

$699,000

3,074 SF

View details

Coastal Triplex with Expansive Decks

144 Surf St, Saco, ME 04072

$2,200,000

2,370 SF

View details

Flex Space With Overhead Door

44 Lincoln Street, Saco, ME 04072

$995,000

6,000 SF

View details

Riverfront Multifamily Property

38 Pine Ridge Road, Saco, ME 04072

$2,265,000

4,026 SF

View details

Similar Off Market Nearby

• Big Tree Foods — 10 West Point Lane, Biddeford, ME 04005
• At Your Service Caterers — 110 Main St, Saco, ME 04072
• The Remedy Cocktail Co. — 120 Main St, Saco, ME 04072

Frequently Asked Questions

What type of property is this?

Restaurant - The dining operation includes a commercial kitchen and an upstairs area for storage or manager quarters.

Where is this restaurant located?

The property is located at 17 Pepperell Square Saco, ME.

What is the asking price?

The asking price for this property is $569,000.

What are key features of this property?

This property features: 1,358‑square‑foot restaurant property, built in 1900; Indoor seating for 36 and an outdoor deck accommodating approximately 12 more; Commercial kitchen; furniture, fixtures, and equipment included