Equipped Conventional
For Sale
$350,000
518 S Main Street, Brewer, ME 04412
Established restaurant property with commercial cooking equipment, dining facilities, public utilities, and on-site customer and staff parking.
Days on Market140
Property Features for 518 S Main Street
General Information
Standard status
Active
Property subtype
Commercial
Zoning
3260 Rest/Club
Restaurant
Seating Capacity
60
Hood Type
Type I
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,383
Building Details
Building Size
1,926 SF
Year Built
1900
Stories
1
Listing Agency:
CENTURY 21 Queen City Real Estate
(207) 385-6850
Listed By:
Adam King
(207) 385-6850
Source:
Startpoint
Added: Mar 17
Changed: Aug 1
Last Checked: Aug 2 at 1:01PM
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 CENTURY 21 Queen City Real Estate
Investment Insights
Based on property information with market context.
This conventional restaurant property at 518 S Main Street in Brewer includes a commercial kitchen with a Sunfire gas range and oven, flat-top griddle, two Dean fryers, Type I hood with ANSUL R-102 suppression, walk-in cooler, reach-in refrigeration, sandwich prep cooler, ice maker, CMA dishwasher, stainless prep tables, and Square POS equipment. Additional smallwares, dining furniture, and kitchen service items are included. The building dates to 1900 and provides approximately 50+ seats, two public restrooms, and a large parking area. Major equipment is reported operational and approximately 11 years old or newer.
Property improvements include a roof replacement in 2016, a furnace and water heater installed in 2014, heat pumps added after current ownership, and three paid-off solar panels. The site uses propane and is connected to public water and public sewer. The restaurant is located in Brewer, ME 04412, within the Greater Bangor area.
Property improvements include a roof replacement in 2016, a furnace and water heater installed in 2014, heat pumps added after current ownership, and three paid-off solar panels. The site uses propane and is connected to public water and public sewer. The restaurant is located in Brewer, ME 04412, within the Greater Bangor area.
Key Highlights
- Commercial kitchen with Sunfire range, Dean fryers, Type I hood, refrigeration, dishwasher, prep tables, and Square POS
- Approximately 50+ seats with 10 tables, 50 chairs, and 10 barstools
- Roof replaced in 2016; furnace and water heater installed in 2014
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $18.96 |
| − Vacancy | −$1.5k | −$0.80 |
| EGI | $35.0k | $18.16 |
| − OpEx | −$8.7k | −$4.54 |
| NOI | $26.2k | $13.62 |
1,926 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$374.8K
$328.0K – $437.3K
NOI $26,237 @ 7.0% cap · market cap 7.50%
Second Best
Industrial
$162.1K
$141.8K – $189.1K
NOI $11,345 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$622.0K
$544.3K – $725.7K
NOI $43,543 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
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 - Established restaurant property with commercial cooking equipment, dining facilities, public utilities, and on-site customer and staff parking.
Where is this conventional restaurant located?
The property is located at 518 S Main Street Brewer, ME.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial kitchen with Sunfire range, Dean fryers, Type I hood, refrigeration, dishwasher, prep tables, and Square POS; Approximately 50+ seats with 10 tables, 50 chairs, and 10 barstools; Roof replaced in 2016; furnace and water heater installed in 2014
