93 Townsend Ave, Boothbay Harbor, ME 04538

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Building Details:

• Year Built: 1930

93 Townsend Ave is located in Boothbay Harbor, ME.

93 Townsend has been completely renovated over the years and includes a full sprinkler system and a new HVAC installed on the first floor. There are 6 room rentals, plus a penthouse with views looking out at Boothbay Harbor. All units are currently priced at below market rents, and much more could be obtained by doing seasonal rents.

93 Townsend is a unique building and a terrific investment with an 11% cash return and an 11.4% Cap Rate.

The first floor is currently an Irish restaurant with a two-year lease. The 2,268 SF +/- space works wells as a restaurant. However, a Bed & Breakfast, art gallery or other business would thrive at this great location with excellent exposure. This beautifully maintained and well-located building space is ripe for your ideas. The owner has reduced the sale price to way below the market value and is highly motivated.