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Property profile & analytics
FOR SALE
Conventional restaurants

3 Main St Belfast, ME 04915

7,000 SF Built 1940
Property ID
US42-0228874
Property summary
AI-generated overview

This prime waterfront property is literally the last stop before the harbor, in downtown Belfast. Property abuts the City of Belfast Public Landing. This property offers 98+/-' waterfront directly in front of the building, next to the City slips and Fournier Tugs. Slip your vessel in front and wal ... k up to what is now a restaurant. Does this remind you of San Diego and Key West Yacht Clubs? This building boasts over 7,000 sq. ft, city utilities, and 14 parking spaces. The anchor tenant is currently Nautilus Restaurant; the floorplan has worked as a restaurant for many decades. The recent remodel of the rear and partial 2nd floor expansion, offers a new dispensary with elevator and stair access. There are currently two tenants, businesses are not included in this offering. City utilities. Further expansion is possible on the 2nd floor which is easily accessible (included in the estimated square footage.) You can only imagine the views across the harbor and out to the ocean. Penobscot Bay boasts some of the best sailing in the North Atlantic. There may never be an opportunity offered such as this in your lifetime. As our friend Paul used to say, If not now, when? Waterfront Mixed Use Zoning. Real estate only. Businesses not included. Call for details. Rare Offering, Inquire Today

Property profile
Verified
Property type Conventional restaurants
Year built 1940
Total area 7,000 SF
UPID US42-0228874
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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