Property profile

1422 Broadway South Portland, ME 04106

OFF-MARKET
Turn key restaurants
Property ID
US42-0237855
1,440 SF 0.33 ac lot Built 1969
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property at 1422 Broadway at Cash Corner in South Portland, Maine is a freestanding commercial building with approximately 1,440 square feet of space. It is positioned at the heavily traveled intersection of US Route 1 and Broadway, providing street frontage and high visibility. The building was historically used as a restaurant and is configured with a full commercial kitchen, including a built-in 12-foot hood system, commercial kitchen plumbing, and natural gas service for heating and kitchen appliances. It also includes a built-in walk-in cooler, an open dining area, two bathrooms, and high ceilings. Heating and cooling are provided through a combination of Fujitsu electric heat/AC units and gas, along with forced hot air ceiling-mounted heating units. Additional site features include substantial on-site parking and yard space that could support outdoor uses such as an outside dining area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,440 SF
Lot 0.33 ac (14,375 SF)
APN SPOR M:041 L:048-B
UPID US42-0237855

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
  • Restaurant

Location

1422 Broadway South Portland, ME 04106-4141
South Portland metro Census 3300 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2009
Price N/A
2007
Price N/A
2006
Price N/A

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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