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Maine Restaurant For Sale

Bangor, ME

RESTAURANT FOR SALE

List Price:

$2.75M

Property Description

This offering presents a rare institutional opportunity to acquire a landmark commercial asset with an extensive legacy of high-volume hospitality and entertainment success. Originally the site of "Miller’s Restaurant"—one of the state’s largest independent dining operations—the property subsequently anchored the region's first gaming facility, Hollywood Slots Casino, following a $3.8 million acquisition and a $4 million capital expenditure program. The proven commercial viability of this specific location is further
demonstrated by the casino's eventual expansion into a new $164 million resort situated just two blocks
away. Currently operating as the highly popular “Seasons Grille & Lounge”, the facility has been further enhanced by a $400,000 modernization of its food and beverage infrastructure. This high-capacity, extensively improved property is now positioned for immediate acquisition at a steep discount relative to its
historical renovation costs and current replication value. Located in the City’s Urban Service District, it is ideal for restaurant use or a variety of other functions, including office, medical, or retail uses. Call today!

Size

25,691 SF

Property Type

Commercial Building

John Bonadio

(Bon-a-dee-o)

Email

Phone

207-944-6786

Contact Agent

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MAINE COMMERCIAL REALTY

One Merchants Plaza, Suite 303 

Bangor, Maine,  04401

(207) 945-4500

info@mainecommercial.com

© 2024 by Maine Commercial Realty

Information furnished on this website is from sources deemed reliable, but no warranty is made to the accuracy thereof. Each client or customer should do their own due diligence and/or engage or consult any and all experts that they deem appropriate and necessary regarding every aspect of any real estate transaction.The listing broker hereby discloses that he is acting solely as an agent for the seller in the marketing, negotiation, and sale/lease of this property. Broker further discloses that he represents the seller’s interest and has such a fiduciary duty to disclose to the seller information which is material to the sale acquired from the buyer or any other source.

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