Renovated Restaurant Space with
New
For Sale
$550,000
405 Ossipee Trl W, Standish, ME 04084
A recently updated restaurant property offers an existing hood system and signage opportunity on the building.
Property Size2,360 SF
Lot Size2.00 Acres
Price / SF$233.05
Days on Market4
Property Features for 405 Ossipee Trl W
General Information
Standard status
Active
Size
2,360 SF
Lot size
2.00 Acres
Additional Details
Traffic Count
14,647 vehicles/day
Commercial Hood
Yes
Building Details
Year Built
1960
Listing Agency:
Malone Commercial Brokers, Inc.
Listed By:
Cheryl Bonawitz
(207) 772-2422
Source:
Soldbymichaelthomas
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 5 at 7:40PM
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 Malone Commercial Brokers, Inc.
Investment Insights
Based on property information with market context.
This 2,360± SF restaurant property at 405 Ossipee Trl W in Standish, Maine, was built in 1960 and has been recently renovated. The space includes a 15'± hood system and an opportunity for signage on the building. The property encompasses 2± acres and is positioned along a road with 14,647± average daily traffic, based on 2025 counts.
Key Highlights
- 2,360± SF restaurant space
- Recently renovated; built in 1960
- 15'± hood system in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,444
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,880
$528.9K
Cap Rate 7%
$377,771
$377.8K
Cap Rate 9%
$293,822
$293.8K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$42.5K $18.00/SF
− Vacancy
−$7.2K −$3.06/SF
EGI
$35.3K $14.94/SF
− OpEx
−$8.8K −$3.74/SF
NOI
$26.4K $11.21/SF
Area
Cumberland 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%
$528,880
Cap Rate 7%
$377,771
Cap Rate 9%
$293,822
Alternative Uses
Best Use
Specialty Retail
$377.8K
$330.6K – $440.7K
NOI $26,444 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$648.6K
$567.6K – $756.8K
NOI $45,405 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14,647 VPD
Traffic count
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04084, ME
8,253
Population
3,710
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
96%
High-School Grad
43.8 sq mi
ZIP Area
188
Density / Sq Mi
$103,086
Median Household Income
$38,839
Median Earnings
$972
Median Rent
$334,800
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A recently updated restaurant property offers an existing hood system and signage opportunity on the building.
Where is this conventional restaurant located?
The property is located at 405 Ossipee Trl W Standish, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,360± SF restaurant space; Recently renovated; built in 1960; 15'± hood system in place
