Property profile

3 Water St Grand Lake Stream, ME 04668

OFF-MARKET
Retail properties & Spaces
3,600 SF 1 ac lot Built 1935
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-established country store and restaurant in Grand Lake Stream, Maine. The property, located at 3 Water Street, boasts 3,600 square feet on a one-acre lot (APN: GLSP-000003-000000-000009). Built in 1935, this two-story building includes a thriving general store, a popular breakfast, lunch, and dinner restaurant, and gas sales. The sale includes all business contents and inventory, ensuring a seamless transition for the new owner. A three-bedroom residence situated above the commercial space offers versatile options, including owner occupancy or potential short-term rental income in a high-demand tourist area. The property's prime location is near a public boat launch and numerous recreational trails, capitalizing on the region's renowned fly fishing, hunting, and outdoor activities. The business has a long-standing history, serving locals, sportsmen, families, and vacationers for decades, establishing a loyal customer base and proven profitability. This turnkey operation presents a unique chance to own a piece of Maine's rich history and vibrant outdoor recreation scene. The zip code is 04668.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1935
Total area 3,600 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store Grocery & Convenience Store

Location

3 Water St Grand Lake Stream, ME 04668
Grand Lake Stream metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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