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Property profile & analytics
OFF-MARKET
Mixed-use properties

1587 Atlantic Hwy Waldoboro, ME 04572

2,441 SF 0.37 ac lot Built 1950
Property ID
US42-0170568
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Year built 1950
Total area 2,441 SF
Lot 0.37 ac (16,117 SF)
UPID US42-0170568
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
  • Roadside Eats Restaurant
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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