1273 U.S. 1 is aretail property for lease in York, ME.
The current owner of the Cape Neddick Inn has invested more than $350,000 in physical improvements to this full-service restaurant since 2007. These include sanitation, mechanical, equipment, structural, décor, and operational upgrades or replacements. The property has been transformed from a worn, middle of the road eatery to an upscale dining experience with gross revenues increasing steadily to a projected $1 million in 2014. The owner has maintained meticulous financial records showing weekly income for each year since his acquisition in 2007.The current use is truly turn key, and can be expanded to include a second floor apartment for which a design exists. The building is fully sprinklered.
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