THE HICHBORN RESTAURANT & ADJACENT RENTAL 10 Church St

Investment Highlights

LOCATION, right on and off Coastal Route One; long or short term rentals in the adjacent property (6 Church St), fully renovated restaurant

Executive Summary

THIS IS A DOUBLE OFFERING: The Hichborn Restaurant at 10 Church St AND the adjacent house at 6 Church St. Currently there is a long term tenant in the house at 6 Church Street generating a nice income. This could remain a long term rental, could be the Hichborn buyer's owner's house (There are 4 bedrooms, 2 with en-suite baths plus a section in the Ell with an additional owner's bedroom with ensuite bath, a small office and a second full bath), could be staff housing, could be converted to more rooms to once again become The Hichborn Inn and Restaurant! A curb cut and driveway from Lower Sylvan Street onto either lot can be made to access the property for more parking. currently a long term rental. The Nathan G. Hichborn House is a historic house at 10 Church Street in Stockton Springs, Maine. Built in the 1850s, this Italianate structure is one of the community's more architecturally sophisticated buildings, and is notable as the home of Nathan Hichborn, a local shipbuilder and politician who was responsible for the town's separation from Prospect. The house was listed on the National Register of Historic Places in 1988.Now the location of a Farm to Table restaurant, the Hichborn House is located in the village of Stockton Springs, just south of US Route 1 and the Stockton Springs Community Church on the west side of Church Street. It is a 2+1/2-story wood-frame structure, with a hip roof, clapboard siding, and a stone foundation. The roof has broad eaves studded with paired brackets, has gabled dormers facing front, and is topped by an hexagonal cupola.Visitors come from all over Maine to dine at The Hichborn, both locals and tourists alike. The restaurant has received numerous accolades and stellar reviews for their attention to detail, artful serving pieces, original wall art, warm and inviting atmosphere and beautiful, delicious food. With just 45 seats, dining at The Hichborn has become highly sought after. They offer a chef's tasting menu which will delight the eyes and the palate. They receive stellar reviews on Tripadvisor, Yelp, Open Table and Google. Read what Maine Magazine had to say about The Hichborn! PROPERTY DATA - 10 CHURCH ST:Built in 1855 Historic Italianate Total square footage: 4,300 Lot size: .51 acresMap U34, Lot 37First floor restaurant, 1 restroom (full bath with claw foot tub), custom bar with heated slate bar top, 5 unique dining room spaces, professional kitchen, walk-inSecond floor with 5 bedrooms, 4 baths, 3 of which are en-suite, 1 hall bath2 gas fireplacesParking for 5+ guest cars onsite; private driveway for 3-4 cars for owners and deliveries on the opposite side of the house Driveway: gravelRoof: asphalt shingle, new in 2019Heat: 2 five year old high efficiency furnaces (forced hot air, propane fueled)Radon mitigation systemAC: 5 heat pumpsGas: bottled propaneQuick recovery high volume water heaterFull, unfinished basement has full height door that leads to crawlspace under sunporch, with access to south parking lot Large barn, currently used for storage, could be renovated to be a number of things! Owner's house, inn rooms, event space...!PROPERTY DATA 6 CHURCH ST:Built in 1850Total square footage: 1,682Lot size: .25 acres3 bedrooms, 2 baths2022 Real Estate Taxes - $2,603Tax map U34, Lot 36Heat: forced hot airAC: noneRoof: asphalt shingleDriveway: gravelParking: 6 Church has it's own driveway that is accessed off of Lower Sylvan St.1 Jotul stoveBasement: unfinished, partial crawlspace

• Sale Type    Investment or Owner User
• Sale Condition    Business Value Included
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    5,982
• Building Class    C
• Year Built/Renovated    1855/2022
• Price    1,495,000
• Price Per SF    250
• Tenancy    Single
• Building Height    2 Stories
• Building FAR    0.18
• Land Acres    0.76 AC