Restaurant With Leased Upstairs
For Sale
$349,000
1587 Atlantic Highway, Waldoboro, ME 04572
COMMERCIAL - Waldoboro, ME
Property Size1,755 SF
Lot Size0.37 Acres
Price / SF$198.86
Days on Market24
Property Features for 1587 Atlantic Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial residenti
Rooms
Basement
Basement
Full, Sump Pump, Unfinished
Lot features
Near Shopping, Rural
Standard status
Active
Size
1,755 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5506
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Natural Gas, Electric (Heating), Oil, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1950
Number of units
2
Flooring type
Tile
Building materials
Wood Frame, Wood Siding
Roof type
Composition
Listing Agency:
Drum & Drum Real Estate Inc.
(207) 563-1772
Listed By:
Jeanette Wordock
(207) 563-1772
Added: Jul 20
Changed: Aug 4
Last Checked: Aug 12 at 9:06AM
MLS# 1672690
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.
Investment Insights
Based on property information with market context.
Restaurant property located at 1587 Atlantic Highway in Waldoboro, Maine, with Route 1 presence and visibility. The property is currently operating as a restaurant and includes an upstairs apartment. The restaurant space is leased until May 2028, and the upstairs apartment is rented.
The building was constructed in 1950 and sits on 0.37 acres, totaling 1,755 square feet. Construction is wood frame with wood siding, with tile flooring and a composition roof. Heating options listed include electric heat, forced air, natural gas, oil, and heat pump, with window-unit air conditioning. Water service is public and sewer is public sewer.
The building was constructed in 1950 and sits on 0.37 acres, totaling 1,755 square feet. Construction is wood frame with wood siding, with tile flooring and a composition roof. Heating options listed include electric heat, forced air, natural gas, oil, and heat pump, with window-unit air conditioning. Water service is public and sewer is public sewer.
Key Highlights
- 0.37 acres with a 1,755 SF restaurant and upstairs apartment
- Restaurant operation leased until May 2028
- Route 1 location with visibility
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04572, ME
5,154
Population
2,957
Households
1.7
Avg Household Size
46
Median Age
33%
College-Educated
96%
High-School Grad
71.5 sq mi
ZIP Area
72
Density / Sq Mi
$66,072
Median Household Income
$40,657
Median Earnings
$271,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property on Route 1 with public utilities, multiple heat sources, and an upstairs apartment currently rented.
Where is this conventional restaurant located?
The property is located at 1587 Atlantic Highway Waldoboro, ME.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 0.37 acres with a 1,755 SF restaurant and upstairs apartment; Restaurant operation leased until May 2028; Route 1 location with visibility
