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Property profile & analytics
OFF-MARKET
Mixed-use properties

347 Waterville Rd Norridgewock, ME 04957

3,200 SF 0.8 ac lot Built 2005
Property ID
US42-0813813
Property summary
AI-generated overview

This exceptional mixed-use property, located at 347 Waterville Road in Norridgewock, Maine, presents a lucrative investment opportunity. The 3,200 square foot building sits on a 0.8-acre lot and houses a well-established and popular local restaurant. Its prime location offers easy access to both Waterville and Skowhegan, within a 15-minute drive of each. The restaurant boasts a spacious main dining area with seating for 40+ patrons, complemented by a secondary dining area accommodating an additional 20-30 guests. A convenient breakfast bar adds to the appealing atmosphere. On-site restroom facilities are included. This turnkey operation is ideal for an aspiring entrepreneur seeking to enter the restaurant industry or for an established business owner looking to expand their portfolio. The property's strong existing clientele and convenient location provide a solid foundation for continued success and growth. The asking price is $525,000. This represents a significant opportunity to acquire a profitable, established business in a desirable location. Serious inquiries are encouraged.

Property profile
Verified
Property type Mixed-use properties
Year built 2005
Total area 3,200 SF
Lot 0.8 ac (34,848 SF)
UPID US42-0813813
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
  • Becket House At Norridgewock Social Service Agency Charitable Organization
  • Madhouse Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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