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Property summary
The property is a two-story restaurant building with outdoor seating, originally configured as a 150-seat establishment, and containing approximately 6,921+/- square feet of finished space on a lot of about 0.1 acres. The first floor features a main dining room and a fully equipped commercial kitchen, with public restrooms for men and women and handicapped accessibility. The second floor includes a horseshoe-style bar with 22 stools and seating for over 75 patrons. A finished basement provides walk-in coolers, walk-in freezers, a kitchen prep area, and storage. The building was constructed circa 1973 with a brick structural frame, a masonry basement, and a flat roof system with tar, gravel, and rubber surfacing. Interior finishes include painted sheetrock and plaster walls, drop paneled ceilings in the bar/lounge area, and a combination of hardwood and ceramic tile flooring; the interior underwent complete refinishing in 2022, with the facility having been remodeled in 2019. Heating and cooling are provided by a forced/central air heat pump, and interior lighting is recessed LED. Exterior and site improvements include asphalt paved parking areas, signage, landscaping, curbing, drainage, and level street-grade topography with a slight slope. The site has approximately 52+/- feet of frontage on School St and 80+/- feet of frontage on Bodwell St and is located in an urban zone serviced by public water and sewer, as well as electric, cable, and telephone utilities.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DB · Sanford, MEZoning
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Zoning designation
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