Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2477 Bristol Road Bristol, ME 04554

    View on Map
    Claim this Listing
    New
    For Sale
    $1,349,000

    COMMERCIAL - Bristol, ME

    Property size:
    2,363 SF
    Lot size:
    2.10 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 18 at 2:06 am

    Property Features for 2477 Bristol Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Size
    2,363 SF
    Lot size
    2.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6397

    Building Details

    Year built
    2017

    We can help!

    Listing Contact
    David Costello
    David Costello

    Listing agent David Costello License #BA923558,MAINE

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date Apr 13, 2026

    MLS# 1657614

    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.

    Overview

    Turnkey Restaurant Opportunity in Maine

    This turnkey restaurant opportunity is located in New Harbor, Maine. Constructed in 2017, the freestanding building offers approximately 2,363 square feet of space and is situated on a lot of approximately 2.1 acres. The property was purpose-built as a destination dining venue. It features a brand-new, never-used commercial kitchen and custom interior millwork. Indoor and outdoor seating is available for more than 125 guests. The property benefits from its proximity to regional attractions, including Pemaquid Point Lighthouse, Pemaquid Beach Park, and Colonial Pemaquid State Historic Site. A spacious outdoor patio includes a bandstand and potential bar area, enhancing the venue's appeal for live entertainment, private events, and community gatherings. In addition to the main restaurant building, the offering includes a barn of approximately 3,000 square feet equipped with running water and electricity, providing flexibility for catering operations, storage, or potential conversion to staff housing or an owner's residence, subject to approvals. The property presents an opportunity for an owner/operator or investor to enter the Mid-Coast Maine market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market Hotel & Motel Accounting Firm Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Lincoln
    State
    Maine
    Longitude
    -69.5004508
    Latitude
    43.879986

    Nearby Similar for Sale

    • $2,695,000
      12,500 SF

      Bristol Inn with Restaurant & Spa

      Inn with restaurant, spa, and owner's quarters near the coast.
      3063 Bristol Road, Bristol, ME 04554
      View Details
    • $1,250,000
      3,472 SF

      Bristol Maine Commercial Property For Sale

      Commercial property near Pemaquid Beach and Fort William Henry.
      201 Snowball Hill Road, Bristol, ME 04554
      View Details
    • $725,000
      2,700 SF

      Renovated Mixed-Use Property, Bristol, ME

      Fully renovated mixed-use property on 5.1 acres in Bristol, ME.
      710 Bristol Road, Bristol, ME 04539
      View Details
    • $450,000
      5,600 SF

      Versatile Commercial Building on Large Lot

      Adaptable commercial building with living space on 35.3 acres.
      1443 Bristol & TBD Split Rock Road, Bristol, ME 04539
      View Details
    • $3,150,000
      7,084 SF

      Prime Commercial Wharf and Restaurant

      Established restaurant and wharf with diverse income streams for sale.
      127,129,81 131,132 State Route 32, Bristol, ME 04554
      View Details
    • $2,500,000
      7,084 SF

      Bristol Maine Commercial Wharf Restaurant

      Profitable restaurant and commercial wharf in Bristol, Maine for sale.
      127,129 State Route 32, Bristol, ME 04554
      View Details
    • $2,695,000

      Historic Inn with Restaurant & Spa

      Charming inn featuring restaurant, spa, and owner's quarters.
      3063 Bristol Road, Bristol, ME 04554
      View Details
    • $3,150,000
      7,084 SF

      Iconic Restaurant and Wharf For Sale

      Established restaurant and wharf with diverse income streams.
      127,129,81 131,132 State Route 32, Bristol, ME 04554
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Freestanding restaurant with indoor/outdoor seating and a 3,000 SF barn.
    Where is this conventional restaurant located?
    The property is located at 2477 Bristol Road Bristol, ME.
    What is the asking price?
    The asking price for this property is $1,349,000.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity in desirable New Harbor, Maine location.; **Brand‑new, never‑used commercial kitchen.**; Indoor and outdoor seating for 125+ guests.
    (207) 754-7494
    We can help!
    Listing Contact
    David Costello
    David Costello
    Real Estate License ID: BA923558,MAINE
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!