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Main Street
Westbrook, ME 04092-5800
Asking Price
$1.68M
Asset Type
Restaurant Retail
Class
Class B
What's Special
<p><span style="color: rgba(0, 0, 0, 1)">Rare opportunity to purchase a prominent corner of Main ST in Westbrook's highly desirable downtown district. 863 Main ST is a 10,481 SF, multi-tenanted retail property, currently subdivided into five distinct spaces. The restaurant space was just leased with a 5 year deal and co-tenants Blaze’s Burgers was just voted #1 Best Burger in Maine… again! Substantial upside in the remaining vacant spaces with great future potential to develop vertically into re
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NOI
$80,000
Cap Rate
4.76%
DSCR
0.80
Underwater
Cash-on-Cash
-3.92%
Monthly Payment
$8,311.723
Annual Cash Flow
$-19,740.68
