Diner with Counter
For Sale
$444,000
390 Brunswick Ave, Gardiner, ME 04345
Breakfast-and-lunch service is supported by booth, table, and counter dining areas.
Property Size2,072 SF
Price / SF$214.29
Days on Market14
Property Features for 390 Brunswick Ave
General Information
Standard status
Active
Size
2,072 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Seating Capacity
54
Building Details
Year Built
1960
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
Listed By:
Karen Ramsay-Boucher
(207) 441-8186
Source:
Soldbymichaelthomas
Added: Sep 28
Changed: Oct 8
Last Checked: Oct 7 at 1:02PM
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 Better Homes & Gardens Real Estate/The Masiello Group
Investment Insights
Based on property information with market context.
Dave’s Diner is a 2,072-square-foot restaurant in Gardiner, Maine, built in 1960. The breakfast-and-lunch operation has seating for 54 guests, with counter, booth, and table arrangements. Recent property updates include heat pumps, flooring, restaurant equipment, a furnace, and dish room plumbing.
The property is at 390 Brunswick Ave, approximately one mile from downtown Gardiner and three miles from I-295. On-site parking accommodates more than 40 vehicles.
The property is at 390 Brunswick Ave, approximately one mile from downtown Gardiner and three miles from I-295. On-site parking accommodates more than 40 vehicles.
Key Highlights
- 2,072‑square‑foot diner built in 1960
- Seating for 54 guests, including counter, booth, and table options
- More than 40 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,217
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,340
$464.3K
Cap Rate 7%
$331,671
$331.7K
Cap Rate 9%
$257,967
$258.0K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$37.3K $18.00/SF
− Vacancy
−$6.3K −$3.06/SF
EGI
$31.0K $14.94/SF
− OpEx
−$7.7K −$3.74/SF
NOI
$23.2K $11.21/SF
Area
Kennebec County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,340
Cap Rate 7%
$331,671
Cap Rate 9%
$257,967
Alternative Uses
Best Use
Specialty Retail
$331.7K
$290.2K – $387.0K
NOI $23,217 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.09M
$2.70M – $3.61M
NOI $216,386 @ 7.0% cap · market cap 48.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04345, ME
12,052
Population
5,562
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
97%
High-School Grad
71.7 sq mi
ZIP Area
168
Density / Sq Mi
$68,844
Median Household Income
$42,559
Median Earnings
$956
Median Rent
$208,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Dave's Diner — 390 Brunswick Ave, Gardiner, ME 04345
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Breakfast-and-lunch service is supported by booth, table, and counter dining areas.
Where is this breakfast & diner located?
The property is located at 390 Brunswick Ave Gardiner, ME.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: 2,072‑square‑foot diner built in 1960; Seating for 54 guests, including counter, booth, and table options; More than 40 parking spaces
