An iconic midcoast lobster restaurant is now on the market after struggling heavy injury within the coastal storms that hit Maine in January.
The Lobster Pound, an almost century-old institution on Lincolnville Seaside, went in the marketplace for $1.5 million on March 25.
“The constructing is in want of in depth renovation to carry it again to its prior glory and open again up as a restaurant,” in accordance with the itemizing. “The location can be utilized for numerous different functions with code officer approval. Deliver your concepts to top-of-the-line areas within the space.”
The corporate that owns the Route 1 restaurant had initially stated it might attempt to restore the intensive injury from the January storms and reopen by spring.
“Sea surge got here in and over the seawall and simply battered our constructing, smashed down our wall,” Brett Lafayette informed WABI on the time. “We had yards of sea surge and gravel that simply washed in all over the constructing. Tools has been just about ruined.”
He added, ”We hope to maintain the Lincolnville Lobster Pound alive and properly, in order that’s our intention.”
The Lafayettes, who run a series of lodges and eating places throughout Maine and New Hampshire, didn’t reply to a request for remark. They purchased the Lobster Pound after its earlier house owners filed for chapter in 2016. On the time, they stated the choice was principally “sentimental.”
Whereas the restaurant was closely broken in January, Bennett Bricker, the dealer for the property at Camden Actual Property, stated the explanation for the sale is probably going so the Lafayettes can focus extra on their lodge enterprise.
Bricker stated he’s acquired a couple of calls in regards to the property because it went in the marketplace, however nothing critical but. It’s unclear whether or not any new house owners would purchase the enterprise aspect of the Lobster Pound as properly, or simply the property.
That is the second time in 10 years that the Lobster Pound is up on the market. Dick McLaughlin, the earlier proprietor, stated in 2016 that it had gotten laborious to maintain up with rising working prices, together with meals insurance coverage that had reached $10,000 per yr
The Lafayettes paid $700,000 for the enterprise in 2017 whereas additionally assuming duty for different prices together with about $16,000 in again taxes.
Jules Walkup is a Report for America corps member. Extra help for this reporting is offered by BDN readers.
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