Waterfront Development Opportunity in
108 Marina Road, Hampden, ME 04444
New
- Added:
- May 25, 2026
- Days on Market:
- 3
- Last Refresh:
- May 27 at 12:06 pm
Property Features for 108 Marina Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commerical Services
- Standard status
- Active
- Size
- 4,180 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9984
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1990
Listing agent Scott Pettengill (207) 386-9258
Listing office Tim Dunham Realty 643 Lewiston Rd, Topsham, ME (207) 729-7297
Listing date May 25, 2026
MLS# 1646935
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Rare waterfront development opportunity with expansive Penobscot River views.
- Immediate income potential as a turn‑key seasonal restaurant within a marina.
- Flexible zoning allows for diverse high‑value uses such as residential, mixed‑use, hospitality, and event venue.
- Strong visibility and desirable location capitalize on growing demand for waterfront properties.
- Includes an attached two‑bedroom, one‑bath apartment for on‑site management or rental income.
- Public water and sewer connections are already in place.
Overview
This waterfront property in Hampden, Maine, presents a development opportunity with views of the Penobscot River. Currently operating as a seasonal, turn-key restaurant within a marina setting, the property offers immediate income potential. The site is zoned for commercial services and is suitable for developers and investors interested in residential and mixed-use spaces. Potential concepts include townhome or condo development with river views, a boutique waterfront event venue, hospitality or short-term rental conversion, or a mixed-use project combining residential, retail, and dining. The marina setting and waterfront backdrop offer lifestyle appeal. The property could also be used as a destination event center, wedding venue, corporate retreat space, or upscale restaurant. The property includes an attached two-bedroom, one-bath apartment suitable for on-site management, staff housing, or supplemental rental income. The property size is 4180 square feet, and the lot size is 1 acre.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$632.7K
NOI $56,943 @ 9.00% cap · cautious / downside scenario
Moderate
$813.5K
NOI $56,943 @ 7.00% cap · market / base-case scenario
Aggressive
$1.14M
NOI $56,943 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.3k | $18.96 |
| − Vacancy | −$3.3k | −$0.80 |
| EGI | $75.9k | $18.16 |
| − OpEx | −$19.0k | −$4.54 |
| NOI | $56.9k | $13.62 |
4,180 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$813.5K
$711.8K – $949.1K
NOI $56,943 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,501 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Wedding venues
Location Insight
- Map
- Local Demand
- City
- Hampden
- County
- Penobscot
- State
- Maine
- Longitude
- -68.7960912
- Latitude
- 44.7656831
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Rare waterfront property with redevelopment potential and immediate income.
Where is this restaurant located?
The property is located at 108 Marina Road Hampden, ME.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Rare waterfront development opportunity with expansive Penobscot River views.; Immediate income potential as a turn‑key seasonal restaurant within a marina.; Flexible zoning allows for diverse high‑value uses such as residential, mixed‑use, hospitality, and event venue.
