151 Main Street, Ellsworth, ME 04605

$1,380,000

Property Type: Commercial Square Footage: 5,554 Lot Size (sq. ft.): 16,117 Status: Closed

Current Price: $1,380,000 List Date: 1/24/2022 Last Modified: 1/10/2025

Overview

Description

Riverside Cafe is rated the #1 restaurant in the Ellsworth area on Tripadvisor and is certainly a local favorite gathering spot. Very successful operation with kitchen, dining and bar area as well as multiple rentals on the property that help offset costs. Sitting at the Gateway to Downesat Maine and the Acadia Region the potential is unlimited and you even have your own parking lot in the back. Currently only operating for breakfast and lunch with excellent numbers so expanding the times and days would make an even stronger investment for an owner operator or investor, the current rents alone generate a 5-7% ROI and then you get a very successful restaurant business to generate even more on top of that. The owner is retiring after a successful 16 year run.

Listing Details MLS# 1518463

Location Information

Street #: 151
Street Name: Main
Street Type: Street
County: Hancock
Town: Ellsworth
State/Province: ME
Zip Code: 04605
Zip +4: 1903
Leased Land: No
Book: 7070
Page: 238
Map: 134 &136
Lot: 26-1 & 77
Zoning: Commercial
Zoning Overlay: No
Full Tax Amount $: 7263
Tax Year: 2021
Association Y/N: No

Contract Information

Original List Price: 1495000

Property Information

Primary Use: General Commercial
Surveyed: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: All
Year Built: 1941
Tenancy: Multiple Tenants
Leases: No
Total # Floors: Yes
SqFt Finished Total: 5554
Lot Size Acres +/-: 0.37

Status Change Info

Pending Date: 2022-03-14
Closed Date: 2022-05-13
Closed Price: 1380000

Commercial Bldg Information

Retail SqFt: 5554

Utilities

Utilities On: Yes

More Information

Sold Info

Appraiser Email Address: washington@gwi.net

Location

Business District: Yes
Downtown: Yes
Near Shopping: Yes

Property Uses

Commercial: Yes
Restaurant: Yes
Retail: Yes
Warehouse: Yes

Recreational Water

Nearby: Yes

Construction

Masonry: Yes
Wood Frame: Yes

Basement

Full: Yes
Unfinished: Yes

Foundation Materials

Granite: Yes
Pillar/Post/Pier: Yes
Stone: Yes

Exterior

Brick: Yes
Wood Siding: Yes

Roof

Composition: Yes
Fiberglass: Yes
Membrane: Yes
Shingle: Yes

Heat System

Heat Pump: Yes
Hot Water: Yes
Radiator: Yes

Heat Fuel

Electric: Yes
Propane: Yes

Cooling

Heat Pump: Yes

Floors

Wood: Yes

Building Features

Cable: Yes

Parking

11 - 20 Spaces: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Bottled: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Property Features

Location: Business District; Downtown; Near Shopping Recreational Water: Nearby Construction: Masonry; Wood Frame Property Uses: Commercial; Restaurant; Retail; Warehouse Basement: Full; Unfinished Foundation Materials: Granite; Pillar/Post/Pier; Stone Exterior: Brick; Wood Siding Roof: Composition; Fiberglass; Membrane; Shingle Heat System: Heat Pump; Hot Water; Radiator Heat Fuel: Propane Cooling: Heat Pump Floors: Wood Building Features: Cable Parking: 11 - 20 Spaces; On Site; Paved Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

IDX

Listing Office: Better Homes & Gardens Real Estate/The Masiello Group

Selling Office: Better Homes & Gardens Real Estate/The Masiello Group

Last Updated: January - 10 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.