1587 Atlantic Hwy Waldoboro, ME 04572
- Mixed-use properties
- 2,441 SF
- 0.37 lot acres
Current Use by Public Records
- Roadside Eats / American Restaurant
Property Details for 1587 Atlantic Hwy
- Year built
- 1950
- Lot size
- 0.37 lot acres
- Property size
- 2,441 SF
- Property type
- Mixed-use properties
Description
This meticulously renovated 2,441 sq ft mixed-use property, located at 1587 Atlantic Highway in Waldoboro, ME, presents a unique investment opportunity. Situated on a 0.37-acre lot directly on Route 1, this establishment boasts a thriving restaurant space, comfortably seating approximately 35 patrons. Completely renovated in 2022, the restaurant is equipped with all necessary kitchen equipment (tables, seating, and memorabilia are excluded). Town water and sewer services ensure convenient operation. Adding to its appeal, a one-bedroom apartment occupies the upper level, providing significant potential for supplemental rental income. This versatile property seamlessly blends commercial and residential uses, making it an ideal choice for entrepreneurs seeking a turnkey operation with immediate income generation. The strategic location on a major thoroughfare guarantees high visibility and accessibility, promising strong returns on investment. This is a rare chance to acquire a well-established, updated property in a desirable coastal Maine location. Don't miss this chance to own a piece of thriving coastal Maine commerce.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waldoboro
- County
- Lincoln
- State
- Maine
- Longitude
- -69.37955
- Latitude
- 44.1019
