Bought with Cates Real Estate
$750,000
$750,000
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2,762 SqFt
SOLD DATE : 04/11/2024
Key Details
Sold Price $750,000
Property Type Commercial Sale
Sub Type General Commercial
Listing Status Sold
Square Footage 2,762 sqft
MLS Listing ID 1576310
Sold Date 04/11/24
HOA Y/N No
Originating Board Maine Listings
Annual Tax Amount $2,698
Tax Year 2022
Lot Size 1.200 Acres
Acres 1.2
Property Description
The Hoot is a popular Farm-to-Table restaurant located on Route 1 in Northport. It is currently operating from April to November, serving both brunch and dinner. The restaurant has 86 indoor seats (including 8 bar seats) and 40 outdoor seats on a beautiful 1150 sq. ft. patio. It has a full bar and liquor license. The kitchen is small yet extremely efficient, with room for 3-4 people on the line, 2 prep stations, and a dishwashing area. It is equipped with an 80+/- square foot walk-in cooler, a large 8-burner range, 2 three-foot griddles, a grill, a fryer, and a convection oven. The restaurant has a loyal following and continues to show steady growth. New owners could easily open for more shifts and double the annual sales without changing the layout of the kitchen and restaurant. The basement is spray foam above grade and winterized with a separate heating system, there are framing and flooring upgrades throughout, newly tiled kitchen, full interior painting every year, new walk-in compressor this year, new metalbestos chimney November 2023. The owner's family farms are both located in Northport; they raise organically fed pork, grass-fed & grass-finished beef and lamb, and free range poultry. They also have gardens and greenhouses raising organic greens, herbs, and other seasonal vegetables for the restaurant. Both farms produce meat exclusively for the restaurant and hope to continue to do so for the new owners as well. Business can be purchased separately.
Location
State ME
County Waldo
Zoning Mixed Use
Exterior
Garage 21+ Spaces
View Y/N No
Parking Type 21+ Spaces
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