362 Waterman Beach RdSouth Thomaston, ME 04858

Property Details for 362 Waterman Beach Rd

Lot size

2.80 AC

Zone code

R2

Property type

Retail properties

Property subtype

Parking lots & garages

APN

STHO M:005 L:020 U:003

APU

STHOM005L020U003

Description

This exceptional 1,547 square foot retail property, located at 362 Waterman Beach Road in Knox County, presents a unique investment opportunity. Built in 1985 and renovated in 2017, this single-tenant building boasts stunning views of the Muscle Ridge Channel from its two decks. The property features approximately 100 feet of direct beachfront access, offering unparalleled visibility and appeal. The zoning is designated as Rest/Club, providing flexibility for a variety of commercial uses. Previously operating as a brewery and a lobster takeout, this versatile space is ready for a new concept. The ample parking accommodates 21+ vehicles in an on-site gravel lot. The building's electrical system includes 220 AMPS and circuit breakers. The property's APN is STHO-000005-000000-000020-000003. The entire 1,547 square feet is currently vacant, allowing for immediate occupancy and customization to suit a new business's needs. This is a rare chance to establish a thriving coastal business in a prime beachfront location. The property's history as a popular eatery and brewery speaks to its potential for success. Don't miss this opportunity to capitalize on the unique features and high-traffic location of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $29,642,482

  6.5%

  $27,362,290

  7%

  $25,407,842

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,159,572

  Geo Method

  $40,159,572

• Alternative Use

  Use

  Valuation

  Residential

  $23,081,116

  Hospitality

  $21,142,178

  Educational

  $17,590,044

  Medical

  $18,194,992

  Retail

  $27,362,290

Location Insight

City

South Thomaston

County

Knox

State

Maine

Latitude

44.0215

Longitude

-69.1249

CBSA code

40500

CBSA name

ROCKLAND, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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