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Property profile & analytics
OFF-MARKET
Parking lots & garages

362 Waterman Bch Rd South Thomaston, ME 04858-3326

2.8 ac lot
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US42-0423865
Property summary
AI-generated overview

This exceptional 1,547 square foot retail property, located at 362 Waterman Beach Road in Knox County, presents a unique investment opportunity. Built in 1985 and renovated in 2017, this single-tenant building boasts stunning views of the Muscle Ridge Channel from its two decks. The property features approximately 100 feet of direct beachfront access, offering unparalleled visibility and appeal. The zoning is designated as Rest/Club, providing flexibility for a variety of commercial uses. Previously operating as a brewery and a lobster takeout, this versatile space is ready for a new concept. The ample parking accommodates 21+ vehicles in an on-site gravel lot. The building's electrical system includes 220 AMPS and circuit breakers. The property's APN is STHO-000005-000000-000020-000003. The entire 1,547 square feet is currently vacant, allowing for immediate occupancy and customization to suit a new business's needs. This is a rare chance to establish a thriving coastal business in a prime beachfront location. The property's history as a popular eatery and brewery speaks to its potential for success. Don't miss this opportunity to capitalize on the unique features and high-traffic location of this exceptional property.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 2.8 ac (121,968 SF)
Zoning code R2
APN STHO M:005 L:020 U:003
UPID US42-0423865
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
  • Mick’s Beach Museum
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Alex C Cousens · 6 yrs held
Alex C Cousens
since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A
Zoning & alternative use
R2 · South Thomaston, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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