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Turnkey Restaurant with Climate-Controlled Deck
For Sale
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99 West River Road, Waterville, ME 04901

Turnkey steakhouse property with indoor seating plus an additional climate-controlled deck for service expansion.

Property Size4,243 SF
Lot Size0.73 Acres
Days on Market126

Property Features for 99 West River Road

General Information

Standard status Active
Size 4,243 SF
Lot size 0.73 Acres
Property subtype Hospitality

Additional Details

Furnished Yes
Business Included Yes

Building Details

Year Renovated 2011
Listing Agency: Malone Commercial Brokers
Listed By: Karen Rich · License #ME 900465
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 2:08PM

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

Investment Insights

Based on property information with market context.

Successful restaurant business and real estate for sale located on Pine Ridge Golf Course. The 4,243± SF restaurant property operates as a turnkey offering with all FF&E included in the sale, and was renovated in 2011 with many upgrades.

The restaurant has a 100+ seat capacity inside, with an additional 50 seats available on a climate-controlled deck. Annual gross income is reported at $2,225,000 (2018).

Key Highlights

  • 4,243± SF restaurant on 0.73± acres on Pine Ridge Golf Course
  • 100+ seat capacity inside, plus 50 additional seats on a climate‑controlled deck
  • Renovated in 2011 with many upgrades

Property Analytics

Current Use

Buen Apetito inc. Restaurant

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store HVAC Service Storage Facility Building Supply Big Box & Wholesale Store

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

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

85
Businesses Nearby
Balanced
Demand for This Use

Demographics for 04901, ME

26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turnkey steakhouse property with indoor seating plus an additional climate-controlled deck for service expansion.
Where is this conventional restaurant located?
The property is located at 99 West River Road Waterville, ME.
What are key features of this property?
This property features: 4,243± SF restaurant on 0.73± acres on Pine Ridge Golf Course; 100+ seat capacity inside, plus 50 additional seats on a climate‑controlled deck; Renovated in 2011 with many upgrades
(207) 775-7363 Call to check price and availability
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