Restaurant Property with
For Sale
$425,000
1735 Main Street, Sanford, ME 04073
Appliances, furnishings and most equipment are part of the offering.
Property Size1,408 SF
Price / SF$301.85
Days on Market796
Property Features for 1735 Main Street
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Commercial
Zoning
UB
Additional Details
Furnished
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$1,909
Building Details
Building Size
1,408 SF
Year Built
1930
Stories
1
Listing Agency:
Plowman Realty Group
(207) 776-2130
Listed By:
Linda Cote
(207) 432-4598
Source:
Amerorealty
Added: Aug 28, 2024
Changed: Oct 31
Last Checked: Oct 31 at 2:37PM
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 Plowman Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Sanford restaurant property dates to 1930 and is zoned UB. Appliances and furniture are included, along with most of the equipment. Parking is available on site.
The property is near shopping, other businesses and Sanford High School, as well as the Wells and Kennebunk town lines.
The property is near shopping, other businesses and Sanford High School, as well as the Wells and Kennebunk town lines.
Key Highlights
- Appliances and furniture included, plus most of the equipment
- UB zoning
- Near Sanford High School, shopping and other businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,029
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,580
$340.6K
Cap Rate 7%
$243,271
$243.3K
Cap Rate 9%
$189,211
$189.2K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$25.3K $18.00/SF
− Vacancy
−$2.6K −$1.87/SF
EGI
$22.7K $16.13/SF
− OpEx
−$5.7K −$4.03/SF
NOI
$17.0K $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%
$340,580
Cap Rate 7%
$243,271
Cap Rate 9%
$189,211
Alternative Uses
Best Use
Specialty Retail
$243.3K
$212.9K – $283.8K
NOI $17,029 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.3K
$390.5K – $520.7K
NOI $31,243 @ 7.0% cap · market cap 7.35%
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
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
34k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 46%
Shops & Services 28%
Dining 27%
Tractor Supply Co.
Home Improvements & Furnishings
12,882 visits/mo
0.2 miles
Aroma Joe's
Dining
8,897 visits/mo
0.2 miles
Sunoco
Shops & Services
7,356 visits/mo
0.4 miles
Eldredge Lumber & Hardware
Home Improvements & Furnishings
2,521 visits/mo
0.2 miles
Marc Motors Chrysler Dodge Jeep Ram
Shops & Services
1,907 visits/mo
0.1 miles
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Appliances, furnishings and most equipment are part of the offering.
Where is this conventional restaurant located?
The property is located at 1735 Main Street Sanford, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Appliances and furniture included, plus most of the equipment; UB zoning; Near Sanford High School, shopping and other businesses
