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    Retail properties & Spaces

    3 Water St, Grand Lake Stream, ME 04668

    3,600 SF 1 ac lot Built 1935
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pine Tree Store Department Store Grocery & Convenience Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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