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    127 129 State Rte, Unit 32 Bristol, ME 04554

    For Sale
    $2,500,000

    COMMERCIAL - Bristol, ME

    Property size:
    7,084 SF
    Lot size:
    0.66 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 127 129 State Rte

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commerical
    Size
    7,084 SF
    Lot size
    0.66 Acres

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Baseboard, Hot Water(Heating)

    Building Details

    Year built
    1940
    Building materials
    Wood Siding, Shingle Siding, Wood Frame
    Roof type
    Composition, Shingle

    Legacy Properties Sotheby's International Realty (207) 780-8900 [email protected]

    Listing agent Deborah Fox (207) 563-2775

    Listing date Oct 24, 2025

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant and Wharf For Sale

    For over 30 years, Shaw's Wharf and Lobster has been a fixture of Bristol, Maine. This commercial property features a restaurant with seating for over 300 patrons both inside and outside, along with a lively bar area known for its weekly bands. The sale includes a 13,000 square foot commercial wharf, according to town records, which sells lobsters to both the public and wholesale clients. The property also leases space to a tour boat operation that provides tours to Monhegan and other destinations. Additionally, there are two separate buildings on the premises, one serving as a lobster pound and bait shed, and the other as an office. The 0.66-acre property is zoned commercial and offers potential for various business uses. The property is 7,084 square feet. The location was notably used as a filming site for the movie 'Message in a Bottle'.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Bristol
    County
    Lincoln
    State
    Maine
    Longitude
    -69.5059
    Latitude
    43.8583

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    FAQs

    What type of property is this?
    Restaurant - Established restaurant and commercial wharf with tour boat lease.
    Where is this restaurant located?
    The property is located at 127 129 State Rte, Unit 32 Bristol, ME.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Established, high-income restaurant **seating 300+ with a lively bar area and weekly bands.**; - 13,000 sq ft commercial wharf for public and wholesale lobster sales.; - Lease income from a tour boat company providing tours to Monhegan and other areas.
    (207) 563-2775
    Request Owner's contact information
    127 129 State Rte, Unit 32 Bristol, ME 04554
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    Bristol, ME 04554
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    127 129 State Rte, Unit 32 Bristol, ME 04554
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