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16 School Street
Sanford, ME 04073
Asking Price
$700K
Asset Type
Restaurant Retail
Class
Class B
What's Special
6,921 SF | Prime Downtown Location in Up-and-Coming Sanford <p><strong>Turnkey Restaurant Opportunity</strong> – Fully equipped, high-capacity (150 seats) layout ready for immediate operation</p><p><strong>Recently Renovated (2019)</strong> – Updated interior, expanded bar, and improved functionality across all three levels</p><p><strong>Multiple Revenue Streams</strong> – Dining room, sports bar, and event-capable layout for diversified income</p><p><strong>Prime Downtown Location</strong> – Positioned in Sanford’s Urban Business district with strong vi
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NOI
$80,000
Cap Rate
11.43%
DSCR
1.93
Strong
Cash-on-Cash
18.31%
Monthly Payment
$3,462.723
Annual Cash Flow
$38,447.32
