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    OFF-MARKET
    Commercial real estate

    224 Main St, Jay, ME 04239

    4,500 SF 2.5 ac lot
    Property ID
    US42-0283596
    Property summary
    AI-generated overview

    This exceptional commercial property at 224 Main Street in Jay, Maine presents a unique investment opportunity. The 4,500 square foot building currently operates as a long-established restaurant, boasting a spacious kitchen fully equipped for efficient food preparation. Ample parking is available for patrons, and the interior is thoughtfully divided into distinct dining and event spaces. The main dining area comfortably seats over 40 guests, while a separate event room can accommodate up to 100 people. All furniture, fixtures, and kitchen equipment are included in the sale, ensuring a seamless transition for the new owner. The property's prime location on Main Street offers excellent road frontage and benefits from high daily traffic counts exceeding 7,600 vehicles. Beyond the building itself, this expansive 2.5-acre parcel provides over 200 feet of picturesque Androscoggin River frontage, adding significant value and potential for future development. The current owner is offering assistance with the transition to new ownership, providing valuable continuity and support for a smooth handover. Priced at $335,000, this turnkey restaurant presents a compelling opportunity for a savvy investor or entrepreneur seeking a well-established business with significant growth potential.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 4,500 SF
    Lot 2.5 ac (108,900 SF)
    UPID US42-0283596
    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
    • La Fleurs Restaurant 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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