532 US Route 1 HWYJonesboro, ME 04648MLS Number 1363278

  • Price: $199,000
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Federal 30-year interest rate: 4.94% last updated on Nov 8, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 2.25Acreage
  • 1945Year Built

LOCATION LOCATION LOCATION....If your a local you can't remember a time that the "White House Restaurant" was not there! If you have been on vacation in Downeast Maine in the last 73 years you ate there or drove by it! A Downeast Landmark! Sitting strategically between Ellsworth and Machias on US 1 where it meets old US 1. As it sits today, a busy restaurant on the 1st level and two occupied apartments on level 2. This unique commercial space has a multitude of possibilities. Keep it the way it is, Build on the Class One Liquor license, focus on improving the space as a "Landmark" restaurant and entertainment center, or completely re-think the use. For example: Plenty of room to position a gas station/convenience store. The current owner has focused on updating and upgrading the entire inside. The restaurant and apartments are recently remodeled, spending over 100 K! 2.4 Acres, 6900 sq ft building, turnkey businesses all for well under half a million. With a positive cash flow!

Listed by Bold Coast Properties

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Coldwell Banker American Heritage Real Estate
Coldwell Banker American Heritage Real Estate
Office: 207-942-6773
510 Broadway
Bangor, ME 04401

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More Info

Location Information

  • Building Number532
  • StreetUS Route 1 HWY

Building

  • Basement
    • Bulkhead
    • Crawl Space
    • Dirt
    • Finished
    • Full
    • Sump Pump
    • Unfinished
    • Walk-Out
  • Year Built1945
  • FoundationBlock, Poured Concrete
  • Listing TypeGeneral Commercial
  • Building ConstructionWood Frame
  • Garage
  • RoofComposition, Shingle

Amenities

  • Amenities
    • Deck
    • Furniture Included
    • In-Law Apartment
    • Laundry-1st Floor
    • Laundry-Hookup
    • Pantry
    • Patio
    • Porch
    • Shower
    • Storage
    • Walk-in Closet

Auction

  • KickoutNo

Photos

  • Number of Photos35
  • Last Img Trans Date07/29/2018

Basic Information

  • List Price$199,000
  • MLS Number1363278
  • Address532 US Route 1 HWY
  • Broker NameBold Coast Properties
  • Modification Date11/09/2018
  • StatusACT
  • Agent ID019156
  • Broker ID2724
  • SeasonalNo

Property

  • Acreage2.25
  • Sq Ft Finished Total6930
  • Vehicle StorageOff Street Parking
  • Water ViewNo

Water Body

  • WaterfrontNo

Location

  • StateME
  • TownJonesboro
  • Zip04648
  • LocationBusiness District, Near Golf Course, Near Town, Retail Strip
  • CountyWashington
  • DrivewayGravel, Paved
  • Road Frontage DescriptionPaved, Public
  • Site
    • Corner Lot
    • Level
    • Open
    • Pasture/Field
    • Rolling/Sloping
    • Well Landscaped
    • Wooded

Exterior

  • ExteriorComposition, Shingle, Wood Siding

Utilities

  • Heat System
    • Baseboard
    • Forced
    • Hot Air
    • Hot Water
    • Space Heater
    • Stove
  • Heating FuelElectric, Gas-Bottled, Oil, Wood
  • Waste Water DisposalSeptic Existing On Site
  • WaterWell Existing On Site
  • Water HeaterOil

Other

  • Parking Spaces21+ Spaces, On Site, Paved
  • View Count1

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Experience says it all: