31 Main St Orono, ME 04473-4001
This thriving restaurant, Woodman's Bar & Grille, presents a unique opportunity for seasoned restaurateurs or aspiring entrepreneurs. Located at 31 Main St in the vibrant village of Orono, Maine (zip code 04473), this established business boasts a strong brand reputation built on consistent service, a popular menu, and a welcoming atmosphere. The 2,014 square foot space, built in 1948, is zoned for Village Commercial use and offers a turnkey operation, complete with all furniture, fixtures, and equipment included in the asking price of $199,000. This translates to a price per square foot of $98.81. Financial and lease information is available upon execution of a Confidentiality Agreement. Situated in Penobscot County, this property benefits from its prime location in a busy area, ensuring a steady stream of customers. This is an exceptional opportunity to acquire a well-established business with significant growth potential. Don't miss out on this chance to own a piece of Orono's thriving culinary scene.
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Woodman's Bar & Grill Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.