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    695 Lisbon St Lisbon, ME 04252

    For Sale
    $550,000

    Established Restaurant & Event Space, Waterfront Views

    Property size:
    1,767 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 695 Lisbon St, Lisbon, ME 04252, presents a unique investment opportunity. The 1,767 square foot Railroad Tavern & Grill is a well-established business situated on a 0.25-acre lot in a high-traffic area with over 15,000 cars passing daily. The property includes a popular restaurant, bar, and grill with a strong reputation, complemented by a large outdoor space perfect for hosting live music, special events, and community gatherings. Its prime location adjacent to the Worumbo waterfront offers stunning water views and access to a vibrant waterfront scene, including regular food truck events. The commercial zoning allows for flexible use and potential expansion. The building is Class C and the occupancy date is December 1, 2024. This turnkey operation includes all real estate and fixtures, furniture, and equipment (FF&E). The property's high visibility, thriving event-driven atmosphere, and waterfront proximity make it an ideal venue for a variety of commercial endeavors. This is a rare chance to acquire a thriving business and prime real estate in a highly sought-after location. The asking price is $550,000.

    Property Features for 695 Lisbon St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,767 SF
    Class
    C
    Lot Size
    10,890 SF

    Building Details

    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lisbon
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.061735735549
    Latitude
    43.996703698939

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    FAQs

    What type of property is this?
    Mixed-use property - Established Restaurant & Event Space, Waterfront Views
    Where is this mixed-use property located?
    The property is located at 695 Lisbon St Lisbon, ME.
    What is the asking price?
    The asking price for this property is $550,000.
    Request Owner's contact information
    695 Lisbon St Lisbon, ME 04252
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    Lisbon, ME 04252
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    695 Lisbon St Lisbon, ME 04252
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