Property profile

362 Waterman Bch Rd South Thomaston, ME 04858

OFF-MARKET
Parking lots & garages
Property ID
US42-0423865
2.8 ac lot
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Museum

Location

362 Waterman Bch Rd South Thomaston, ME 04858-3326
South Thomaston metro Census 970800 ROCKLAND, ME MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A

Zoning & alternative use

R2 · South Thomaston, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 362 Waterman Bch Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message