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187 Lower Main Street, Freeport 187 Brewer Lower Main St 9,402 SF 100% Leased Retail Building Freeport, ME 04032 $2,300,000 ($244.63/SF)



EXECUTIVE SUMMARY
Located at 187 Lower Main Street in Freeport, the former Gritty McDuff’s restaurant and brewing property offers a rare opportunity to own a highly visible and iconic site. The property is situated on 3.88± acres with 32,000 SF of paved parking and building spaces totaling 9,402± SF. The spaces consist of; a 4,646 SF primary retail area, a 2,976 SF basement with kitchen and brew areas, a 980 SF freestanding office building currently occupied by Keller Williams Agency, and an 800 SF outbuilding with office and garage space. The flexible zoning
allows for a wide range of uses, and upcoming changes to Freeport’s commercial and residential density regulations—expected to be adopted in the new year—will significantly enhance the development potential of this prime property.
allows for a wide range of uses, and upcoming changes to Freeport’s commercial and residential density regulations—expected to be adopted in the new year—will significantly enhance the development potential of this prime property.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,402 SF
Building Class
C
Year Built/Renovated
1969/1983
Price
$2,300,000
Price Per SF
$244.63
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
3.88 AC
Zoning
CM03
Parking
50 Spaces (5.32 Spaces per 1,000 SF Leased)
Frontage
176’ on Lower Main St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | FPRT-000008-000023 | Improvements Assessment | $502,100 |
| Land Assessment | $529,400 | Total Assessment | $1,031,500 |
PROPERTY TAXES
Parcel Number
FPRT-000008-000023
Land Assessment
$529,400
Improvements Assessment
$502,100
Total Assessment
$1,031,500
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187 Lower Main Street, Freeport | 187 Brewer Lower Main St
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