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  • (207) 922-3276
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4 Colonial Way Machias ME 04654

By Deal Studio 

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Asking Price
$1,200,000 The total asking price of the business for sale.
SDE
N/ASeller's Discretionary Earnings (SDE) is a metric for determining the historical cash flow of a business. It is a recasting process that starts with the net profit of a business, from either the business tax return or the year-end income statement.

Gross Revenue
Location

$109,000
4 Colonial Way Machias ME 04654

Business Description

Discover a rare opportunity to own a piece of history in the heart of downtown Machias. Built in 1928, this meticulously maintained three-story building spans 13,572 square feet and boasts a prime location with excellent visibility on Route One, known locally as Main Street. This vibrant thoroughfare is the lifeline of Machias, ensuring a steady flow of foot traffic and exposure for businesses. The building features a perfect blend of residential and commercial spaces, with four charming apartments and six thriving commercial units, all enjoying 100% occupancy. Each space is thoughtfully designed to preserve the historic charm while providing modern functionality, making it an attractive choice for tenants and visitors alike. Currently, the commercial units are priced at an average of just $6 per square foot. This property presents a ripe opportunity for equity growth. By adjusting commercial rents to reflect market trends and achieving an 8% cap rate, the real estate's value could reach an impressive $1.4 million. Recently refreshed with a new coat of paint, the building stands as a testament to its enduring quality and appeal. Its historic character is evident in every detail, offering a unique ambiance that sets it apart from other properties in the area. Whether you're an investor seeking a stable income stream with significant upside potential or a business owner looking for a prestigious location, this property offers unparalleled potential. Embrace the opportunity to own a landmark in Machias, where history and modernity meet in perfect harmony. Don't miss out on this exceptional offering—contact us today to learn more about this iconic property and become a part of its storied legacy.

Detailed Information
Year Established
1928

Real Estate
$1,200,000

Real Estate Included
Yes

Listing Agent
Gabe Bamford
More Information »

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Email Listing

Asking Price
$1,200,000
SDE
N/A

Gross Rev.
Location

$109,000
4 Colonial Way Machias ME 04654

Business Description

Discover a rare opportunity to own a piece of history in the heart of downtown Machias. Built in 1928, this meticulously maintained three-story building spans 13,572 square feet and boasts a prime location with excellent visibility on Route One, known locally as Main Street. This vibrant thoroughfare is the lifeline of Machias, ensuring a steady flow of foot traffic and exposure for businesses. The building features a perfect blend of residential and commercial spaces, with four charming apartments and six thriving commercial units, all enjoying 100% occupancy. Each space is thoughtfully designed to preserve the historic charm while providing modern functionality, making it an attractive choice for tenants and visitors alike. Currently, the commercial units are priced at an average of just $6 per square foot. This property presents a ripe opportunity for equity growth. By adjusting commercial rents to reflect market trends and achieving an 8% cap rate, the real estate's value could reach an impressive $1.4 million. Recently refreshed with a new coat of paint, the building stands as a testament to its enduring quality and appeal. Its historic character is evident in every detail, offering a unique ambiance that sets it apart from other properties in the area. Whether you're an investor seeking a stable income stream with significant upside potential or a business owner looking for a prestigious location, this property offers unparalleled potential. Embrace the opportunity to own a landmark in Machias, where history and modernity meet in perfect harmony. Don't miss out on this exceptional offering—contact us today to learn more about this iconic property and become a part of its storied legacy.

Detailed Information
Year Established: 1928

Real Estate: $1,200,000

Real Estate Included: Yes


Listing Agent
Gabe Bamford
More Information »

Contact Listing Agent


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Trinity Business Brokers
295 Hammond St, Bangor,ME 04401
Phone: (207) 922-3276, Email: info@tbb.biz

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4 Colonial Way Machias ME 04654
https://tbb.biz/listing/4-colonial-way-machias-me-04654/
Asking Price
$1,200,000
SDE
N/A

Gross Revenue
Location

$109,000
4 Colonial Way Machias ME 04654

Business Description

Discover a rare opportunity to own a piece of history in the heart of downtown Machias. Built in 1928, this meticulously maintained three-story building spans 13,572 square feet and boasts a prime location with excellent visibility on Route One, known locally as Main Street. This vibrant thoroughfare is the lifeline of Machias, ensuring a steady flow of foot traffic and exposure for businesses. The building features a perfect blend of residential and commercial spaces, with four charming apartments and six thriving commercial units, all enjoying 100% occupancy. Each space is thoughtfully designed to preserve the historic charm while providing modern functionality, making it an attractive choice for tenants and visitors alike. Currently, the commercial units are priced at an average of just $6 per square foot. This property presents a ripe opportunity for equity growth. By adjusting commercial rents to reflect market trends and achieving an 8% cap rate, the real estate's value could reach an impressive $1.4 million. Recently refreshed with a new coat of paint, the building stands as a testament to its enduring quality and appeal. Its historic character is evident in every detail, offering a unique ambiance that sets it apart from other properties in the area. Whether you're an investor seeking a stable income stream with significant upside potential or a business owner looking for a prestigious location, this property offers unparalleled potential. Embrace the opportunity to own a landmark in Machias, where history and modernity meet in perfect harmony. Don't miss out on this exceptional offering—contact us today to learn more about this iconic property and become a part of its storied legacy.

Detailed Information
Year Established
1928

Real Estate
$1,200,000

Real Estate Included
Yes


Listing Agent
Gabe Bamford
More Information »



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