151 Main Street, Ellsworth, ME 04605 (MLS# 1518463)
151 Main Street, Ellsworth, ME 04605
$1,380,000
Property Type:
Commercial
Square Footage:
5,554
Lot Size (sq. ft.):
16,117
Status:
Closed
Current Price:
$1,380,000
List Date:
1/24/2022
Last Modified:
1/10/2025
Description
Riverside Cafe is rated the #1 restaurant in the Ellsworth area on Tripadvisor and is certainly a local favorite gathering spot. Very successful operation with kitchen, dining and bar area as well as multiple rentals on the property that help offset costs. Sitting at the Gateway to Downesat Maine and the Acadia Region the potential is unlimited and you even have your own parking lot in the back. Currently only operating for breakfast and lunch with excellent numbers so expanding the times and days would make an even stronger investment for an owner operator or investor, the current rents alone generate a 5-7% ROI and then you get a very successful restaurant business to generate even more on top of that. The owner is retiring after a successful 16 year run.
Supplements: ********
More Information MLS# 1518463
Location Information
Street #: 151
Street Name: Main
Street Type: Street
County: Hancock
Town: Ellsworth
State/Province: ME
Zip Code: 04605
Zip +4: 1903
Leased Land: No
Book: 7070
Page: 238
Map: 134 &136
Lot: 26-1 & 77
Zoning: Commercial
Zoning Overlay: No
Full Tax Amount $: 7263
Tax Year: 2021
Association Y/N: No
Geo Lat: 44.54167
Geo Lon: -68.423146
Contract Information
Status: Closed
Original List Price: 1495000
Sold Price: $1,380,000
Current Price: $1,380,000
Property Information
Primary Use: General Commercial
Surveyed: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: All
Year Built: 1941
Tenancy: Multiple Tenants
Leases: No
Total # Floors: 1
SqFt Finished Total: 5554
Lot Size Acres +/-: 0.37
Status Change Info
Pending Date: 2022-03-14
Closed Date: 2022-05-13
Closed Price: 1380000
Commercial Bldg Information
Retail SqFt: 5554
Utilities
Utilities On: Yes
Sold Info
Appraiser Email Address: washington@gwi.net
Property Features
Location: Business District; Downtown; Near Shopping
Recreational Water: Nearby
Construction: Masonry; Wood Frame
Property Uses: Commercial; Restaurant; Retail; Warehouse
Basement: Full; Unfinished
Foundation Materials: Granite; Pillar/Post/Pier; Stone
Exterior: Brick; Wood Siding
Roof: Composition; Fiberglass; Membrane; Shingle
Heat System: Heat Pump; Hot Water; Radiator
Heat Fuel: Propane
Cooling: Heat Pump
Floors: Wood
Building Features: Cable
Parking: 11 - 20 Spaces; On Site; Paved
Electric: Circuit Breakers
Gas: Bottled
Sewer: Public Sewer
Water: Public
Documents
lead paint ›Listing Office: Better Homes & Gardens Real Estate/The Masiello Group
Last Updated: January - 10 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
