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Property profile

78 Downeast Hwy Ellsworth, ME 04605

OFF-MARKET
Turn key restaurants
Property ID
US42-0843801
View Sample
3,120 SF 1.25 ac lot Built 2008
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional opportunity presents a well-established and popular restaurant for sale in Ellsworth, Maine. Located at 78 Downeast Hwy, 04605, this 3,120 square foot restaurant is a turnkey operation, complete with all equipment and furnishings included in the sale price of $91,000. The property is zoned for commercial use and was built in 1980. The current lease is assignable, and the sellers will provide comprehensive training to ensure a smooth transition for the new owner. This restaurant boasts an excellent reputation and loyal customer base, presenting significant potential for substantial earnings and growth. Situated just a half-hour from the renowned Acadia National Park and Bar Harbor, this location offers a unique blend of business opportunity and the desirable coastal Maine lifestyle. The single-tenant net lease structure simplifies ownership and management, making this an attractive investment for experienced restaurateurs or those seeking a profitable venture in a thriving community. This is a rare chance to acquire a thriving business with a proven track record in a picturesque setting. Don't miss this chance to own a piece of Maine's culinary scene.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2008
Total area 3,120 SF
Lot 1.25 ac (54,255 SF)
Zoning code CTDD
APN ELLH M:022 B:005 L:001 U:001
UPID US42-0843801

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

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 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

CTDD · Ellsworth, 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
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