Restaurant with Upstairs
For Sale
$349,000
1587 Atlantic Highway, Waldoboro, ME 04572
Operating restaurant with an additional residential unit and an existing lease extending through May 2028.
Property Size1,755 SF
Days on Market23
Property Features for 1587 Atlantic Highway
General Information
Standard status
Active
Size
1,755 SF
Property subtype
Commercial
Zoning
commercial residenti
Financials
Gross Income
$49,200
Average Monthly Rent
$1,100
Additional Details
Road Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,506
Building Details
Building Size
1,755 SF
Year Built
1950
Stories
2
Tenancy
Multi
Listing Agency:
Drum & Drum Real Estate Inc.
(207) 563-1772
Listed By:
Jeanette Wordock
(207) 563-1772
Source:
Startpoint
Added: Jul 20
Changed: Aug 9
Last Checked: Aug 11 at 1:13PM
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 Drum & Drum Real Estate Inc.
Investment Insights
Based on property information with market context.
This established restaurant property was built in 1950 and is currently operating as a restaurant. The building also includes an upstairs apartment that is occupied by a residential tenant, creating a combined commercial and residential configuration.
The property is situated on Atlantic Highway in Waldoboro, with the source information identifying the location as Route 1. Zoning is listed as commercial residenti. The restaurant lease runs through May 2028, while the upstairs apartment is separately rented.
The property is situated on Atlantic Highway in Waldoboro, with the source information identifying the location as Route 1. Zoning is listed as commercial residenti. The restaurant lease runs through May 2028, while the upstairs apartment is separately rented.
Key Highlights
- Operating restaurant with an upstairs apartment
- Restaurant lease extends through May 2028
- Upstairs apartment is rented
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
40k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 31%
Shops & Services 21%
Electronics 3%
Hannaford
Groceries
17,181 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,118 visits/mo
0.5 miles
Citgo
Shops & Services
6,632 visits/mo
0.2 miles
SUBWAY
Dining
2,996 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
1,878 visits/mo
0.5 miles
Demographics for 04572, ME
5,154
Population
2,957
Households
1.7
Avg Household Size
46
Median Age
33%
College-Educated
96%
High-School Grad
71.5 sq mi
ZIP Area
72
Density / Sq Mi
$66,072
Median Household Income
$40,657
Median Earnings
$271,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant with an additional residential unit and an existing lease extending through May 2028.
Where is this conventional restaurant located?
The property is located at 1587 Atlantic Highway Waldoboro, ME.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Operating restaurant with an upstairs apartment; Restaurant lease extends through May 2028; Upstairs apartment is rented
