Exceptional Commercial Property in the Seaside Town of Searsport, ME - Business for Sale

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Mixed-Use Restaurant and Residential Property in Searsport, ME

Searsport, ME, US
Added 25 days ago
Commercial Property with Restaurant and Music Venue
5 years in business

Mixed-use commercial property in Searsport, ME featuring a combined retail/restaurant space currently occupied by a restaurant and music venue, along with four residential rental units.

Key Information

Asking

$1.2M

Revenue

$845K

Earnings

$155K

Multiple

7.6x

Key Highlights

  • Years established: 5
  • Property includes two buildings at 25 & 27 E Main with retail/restaurant space and 4 residential units (2 one-bedroom, 2 studio apartments)
  • Restaurant and music venue (Hey Sailor!) occupies the combined first floors, featuring a professional stage, state-of-the-art sound and light equipment, and a fully equipped commercial kitchen
  • All apartments and restaurant spaces have separate electric meters
  • Both buildings have had structural integrity improvements and all new plumbing
  • Private parking area in the rear for up to 15 vehicles

Contact Info

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