427 Main St - Restaurant FOR SALE


Bangor, ME 04401- Downtown Bangor
$2,750,000 USD
207-944-6786
427 Main St, Bangor, ME for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

427 Main St
Bangor, ME 04401
Downtown Bangor


HIGHLIGHTS

  • High Visibility, Full ADA Access, Abundant On-Site Parking.

OVERVIEW

This offering presents a rare opportunity to acquire a landmark commercial property with a long history of successful hospitality and entertainment operations. Originally home to Miller’s Restaurant—one of Maine’s largest independent dining establishments—the property later became the region’s first gaming facility, Hollywood Slots Casino, following a $3.8 million acquisition and an additional $4 million in capital improvements. The location's proven commercial success is further evidenced by the casino’s subsequent expansion into a new $164 million resort development located just two blocks away. Today, the property operates as the popular Seasons Grille & Lounge and has benefited from approximately $400,000 in recent upgrades to its food and beverage infrastructure. Featuring a high-capacity layout and substantial capital improvements, the property is well-positioned for continued hospitality use or adaptive reuse. Located within the City’s Urban Service District, the site offers flexibility for a variety of commercial applications, including restaurant, office, medical, retail, or other permitted uses.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

USD

APN/PARCEL ID

BANG-000025-000000-000117

ASK ABOUT THIS PROPERTY

John BonadioMaine Commercial RealtyMore Info
207-944-6786

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John BonadioMaine Commercial RealtyMore Info
207-944-6786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.