Exceptional Commercial Property in the Seaside Town of Searsport, ME

Description

Mixed-use property for sale in Searsport, Maine, consisting of two entire buildings at 25 and 27 East Main Street. The property combines restaurant and entertainment space with four residential units.

Property layout

• Two separate buildings included in the sale
• Restaurant and retail/commercial space
• Music venue
• Four residential units
• Rear parking for approximately 15 vehicles

The first floors of both buildings have been combined into one operating restaurant and music venue currently occupied by the owner.

Restaurant and event space

The restaurant area includes a commercial kitchen with separate work areas for pastry and pizza preparation.

• Fully equipped commercial kitchen
• Separate pastry prep area
• Separate pizza prep area
• Professional stage
• Sound equipment
• Lighting equipment

Residential units

• Two one-bedroom apartments
• Two studio apartments
• Separate electric meters for the residential and restaurant spaces

The apartments provide additional rental-income potential alongside the commercial use of the property.

Property improvements

The seller reports structural improvements to both buildings along with new plumbing.

Buyers should review invoices, permits and contractor records for completed improvements and independently inspect the condition of the buildings.

Parking

A private parking area behind the buildings accommodates approximately 15 vehicles.

Due diligence

Buyers should verify property boundaries, title, zoning, residential rents, tenant status, utility expenses, taxes, insurance, building condition, equipment ownership and the exact personal property included in the sale.

Continued restaurant, entertainment, live-music or alcohol-related use should also be reviewed for applicable Searsport and Maine permits, occupancy requirements and licensing. Existing approvals should not be assumed to transfer automatically.