111 Bath RdBrunswick, ME 04011

Property Details for 111 Bath Rd

Year built

1900

Construction

FRAME

Lot size

0.76 AC

Property size (Sq ft)

900 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

BRUN M:041 L:001

APU

BRUNM041L001

Description

This exceptional 900-square-foot commercial property, situated on a 0.76-acre lot at 111 Bath Road in Brunswick, Maine, presents a unique investment opportunity. Established in July 1955, the property is home to the renowned Fat Boy Drive-In, a beloved local landmark and popular tourist destination, particularly during the summer months. The drive-in restaurant offers a classic diner experience, serving burgers, onion rings, frappes, and more. Its prime location within a high-retail corridor ensures excellent visibility and accessibility. The property benefits from easy access to major highways via I-295, placing it within convenient reach of a large customer base. Furthermore, its proximity to the Cook's Corner shopping area, boasting over 1,000,000 square feet of retail space, including major national brands like Walmart, Hannaford, and numerous fast-food chains, guarantees significant foot traffic and brand synergy. This turnkey business includes all fixtures, furniture, and equipment (FF&E), allowing for immediate operation. The property offers the potential to continue operating as a successful drive-in restaurant or to be transformed into a new venture, capitalizing on its established location and high visibility. The asking price is $825,000.

• CAP approach

  CAP return

  Valuation

  6%

  $218,731

  6.5%

  $201,906

  7%

  $187,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $296,337

  Geo Method

  $296,337

• Alternative Use

  Use

  Valuation

  Residential

  $170,315

  Hospitality

  $156,008

  Educational

  $129,797

  Medical

  $134,261

  Retail

  $201,906

Location Insight

City

Brunswick

County

Cumberland

State

Maine

Latitude

43.9072

Longitude

-69.9343

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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