Building Details

Building Size 4,435 SF

Year Built 1974

Stories 2

Listing Agency: Tim Dunham Realty Show Phone

Listed By: Timothy Dunham Show Phone

Source: Amerorealty

Added: Jan 24, 2024 Changed: Oct 31 Last Checked: Oct 31 at 2:36PM

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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 Tim Dunham Realty

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Investment Insights

Based on property information with market context.

This 4,435-square-foot mixed-use property combines a multi-level diner with a two-bedroom apartment above. The restaurant includes a large dining room with 18 booths, two kitchens, a walk-in refrigerator and freezer, a dishwashing station, and a rear delivery entrance. Existing cooking equipment includes fryers, cooktops, and ovens. The diner has seating for 102 and parking for approximately 70 vehicles.

Built in 1974 and zoned SWR-CM, the property is located at 61 Sabattus Road in Sabattus, on Route 126. The parcel is stubbed for a second water and sewer line that could serve an additional building.

Key Highlights

• 4,435‑square‑foot mixed‑use property with a two‑bedroom apartment above the restaurant
• Diner dining room has 18 booths and seating capacity for 102
• Two kitchens with fryers, cooktops, ovens, walk‑in refrigerator and freezer, and dishwashing station

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,780

Cap Rate

7.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$715,600 $715.6K

Cap Rate 7%

$511,143 $511.1K

Cap Rate 9%

$397,556 $397.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,435 SF

Gross rent

$57.5K $12.96/SF

− Vacancy

−$9.8K −$2.20/SF

EGI

$47.7K $10.76/SF

− OpEx

−$11.9K −$2.69/SF

NOI

$35.8K $8.07/SF

Area

Androscoggin County, ME

Vacancy

17.00%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$715,600

Cap Rate 7%

$511,143

Cap Rate 9%

$397,556

Alternative Uses

Best Use

Mixed Use

$747.6K

$654.1K – $872.2K (±1% cap)

NOI $52,329 @ 7.0% cap · market cap 10.47%

Second Best

Specialty Retail

$511.1K

$447.3K – $596.3K (±1% cap)

NOI $35,780 @ 7.0% cap · market cap 7.16%

Theoretical Best

Warehouse

$7.88M

$6.89M – $9.19M (±1% cap)

NOI $551,382 @ 7.0% cap · market cap 110.28%

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

Breakfast & diners

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Electrical Service Building Supply Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

51

Businesses Nearby

23k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 43%

Dunkin' Donuts Dining

11,265 visits/mo 0.3 miles

Cumberland Farms Shops & Services

9,832 visits/mo 0.3 miles

SUBWAY Dining

2,025 visits/mo 0.2 miles

Demographics for 04280, ME

6,674

Population

3,277

Households

2

Avg Household Size

44

Median Age

16%

College-Educated

91%

High-School Grad

41.7 sq mi

ZIP Area

160

Density / Sq Mi

$63,250

Median Household Income

$41,900

Median Earnings

$1,029

Median Rent

$175,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Restaurant facilities are paired with an upstairs two-bedroom apartment and commercial kitchen equipment.

Where is this mixed-use property located?

The property is located at 61 Sabattus Road Sabattus, ME.

What is the asking price?

The asking price for this property is $499,999.

What are key features of this property?

This property features: 4,435‑square‑foot mixed‑use property with a two‑bedroom apartment above the restaurant; Diner dining room has 18 booths and seating capacity for 102; Two kitchens with fryers, cooktops, ovens, walk‑in refrigerator and freezer, and dishwashing station