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    127 State Route 32 New Harbor, ME 04554

    For Sale
    $3,150,000

    COMMERCIAL - Bristol, ME

    Property size:
    7,084 SF
    Lot size:
    3.06 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 7 at 8:06 am

    Property Features for 127 State Route 32

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Shoreland
    Parking features
    Off Street, Assigned
    Interior features
    Storage
    Basement
    Crawl Space, Unfinished
    Size
    7,084 SF
    Lot size
    3.06 Acres

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Baseboard, Hot Water(Heating)
    Water source
    Private, Well, Public

    Building Details

    Year built
    1940
    Flooring type
    Vinyl, Wood
    Building materials
    Wood Siding, Shingle Siding, Wood Frame
    Roof type
    Shingle
    Additional Structures
    Storage

    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

    Prime Restaurant and Wharf Opportunity

    For sale is a commercial property featuring an established restaurant and wharf. The restaurant, with seating for over 300 guests both inside and outside, includes a lively bar area known for hosting weekly bands. The property also includes a 13,000 square foot commercial wharf, according to town records, which sells lobsters to both the public and wholesale clients. Additionally, the wharf leases space to a tour boat company that offers excursions to Monhegan and other destinations. The property features two separate buildings that house a lobster pound, bait shed, and office. A year-round house with water views is also included, with the potential for a replacement dock in front of the house. Two parking areas are part of the property, with one generating significant income. The property is located in Bristol, ME, and encompasses 3.06 acres. The property was previously used as a filming location for the movie 'Message in a Bottle'. The total property size is 7,084 square feet. The intended use of the property is commercial, with potential business uses including restaurant operation, lobster sales, and tour boat services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Women'S Clothing Store Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Department Store Kitchen & Bath Food Market Hotel & Motel HVAC Service Grocery Store Bar & Pub Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Harbor
    County
    Lincoln
    State
    Maine
    Longitude
    -69.4901053
    Latitude
    43.8752589

    Nearby Similar for Sale

    • $1,250,000
      3,472 SF

      Coastal Maine Inn and Cottages

      Steps from Pemaquid Beach, offering strong guest appeal.
      201 Snowball Hill Rd, New Harbor, ME 04554
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established restaurant and commercial wharf with diverse income streams for sale.
    Where is this restaurant located?
    The property is located at 127 State Route 32 New Harbor, ME.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: - Established, high-income producing restaurant with seating for 300+ and a lively bar area.; - 13,000 sq ft commercial wharf for lobster sales (retail and wholesale).; - Leased space to a tour boat company providing a steady income stream.
    (207) 563-2775
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    127 State Route 32 New Harbor, 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 State Route 32 New Harbor, ME 04554
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