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48 COMMERCIAL ST
BOOTHBAY HARBOR, ME 04538
Asking Price
$1.40M
Asset Type
Restaurant Retail
Class
Class B
What's Special
Rare harbor front investment opportunity. <p>48 Commercial Street is a well known waterfront landmark located in the heart of bustling Boothbay Harbor, Maine. The property includes two retail and one restaurant businesses all operating on a seasonal basis. In addition, the property boasts a well maintained dock and float system which is used by both commercial, tourists and boaters throughout the year. The leases in effect are below market and can be terminated with notice. The sellers have consistently kept up maintenance and repair co
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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234