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Property profile & analytics

6 Lebanon St Sanford, ME 04073-3824

  • Turn key restaurants
  • 1,399 SF
  • 0.04 lot acres
OFF-MARKET
Value Estimation
$105,000
Last Sale
Dec 19, 2022
$85,000
Location Intelligence
Property ID
US42-0256053
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • 59 Thai Street Food / Thai Restaurant

Property Details for 6 Lebanon St

Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.04 lot acres
Property size
1,399 SF
Zone code
DB
Property type
Turn key restaurants
APN
SANF M:0K28 B:2
APU
SANFM0K28B2

Description

This exceptional 2,000-square-foot restaurant located at 6 Lebanon St, Sanford, ME 04073, is available for sale or lease. Built in 1945 and completely renovated in 2023, this turnkey operation boasts updated plumbing and electrical systems, ensuring a smooth transition for a new owner or tenant. The property sits on a 0.03-acre lot and is zoned UB, offering significant potential. With a seating capacity of 48, the restaurant comes fully equipped, including all necessary equipment as part of the lease. The asking price is $250,000, representing a price per square foot of $125. The property's strong location provides excellent road visibility, ensuring high traffic and customer exposure. Financial projections indicate a pro-forma NOI of $18,000 and a 7.20% pro-forma cap rate. The property is currently vacant, presenting a unique opportunity for immediate occupancy. All necessary zoning inspections have been completed. This is a rare opportunity to acquire a fully operational, updated restaurant in a prime Sanford location. The APN is SANF-000002-K000028.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $110,000
  • CAP approach

    CAP return
    Estimation
    6%
    $105,000
    6.5%
    $90,000
    7%
    $100,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $90,000
    Geo Method
    $100,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $100,000
    Retail
    $90,000
    Mixed-Use
    $105,000
    Hospitality
    $85,000
    Educational
    $100,000
    Residential Income
    $95,000
    Energy
    $110,000
    Income-Based Land
    $85,000
    Food Service
    $100,000

Location Insight

  • Map
  • Local Demand
City
Sanford
County
York
State
Maine
Longitude
-70.7778
Latitude
43.4404
CBSA code
38860
CBSA name
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,671
$38,600
$71,800
$110,400
-
$0.00
$0.00
$0.00
More about this property
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