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    Turnkey Restaurant with Renovated Home Title is generated by Realmo AI

    251 N High Street, Bridgton, ME 04009

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    Claim this Listing
    For Sale
    $599,900

    COMMERCIAL - Bridgton, ME

    Property size:
    3,266 SF
    Lot size:
    1.06 Acres
    Price / SF:
    $183/SF
    Added:
    Apr 20, 2026
    Days on Market:
    24
    Last Refresh:
    May 13 at 10:06 pm

    Property Features for 251 N High Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial/ Resident
    Basement
    Crawl Space
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    3,266 SF
    Lot size
    1.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4298

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Forced Air, Heat Pump (Heating), Natural Gas, Oil
    Cooling system
    Heat Pump, Wall Unit(s)
    Water source
    Private, Well
    Water front features
    Lake
    Water front
    1

    Building Details

    Flooring type
    Vinyl, Tile
    Building materials
    Wood Frame, Wood Siding
    Roof type
    Shingle, Fiberglass

    We can help!

    Listing Contact
    Richard Vraux

    Listing agent Richard Vraux

    Listing office Pine Tree Realty of Maine 76 Tandberg Trail, Windham, ME

    Listing date Apr 20, 2026

    MLS# 1638615

    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

    • Turn‑key restaurant opportunity with fully equipped kitchen, dining area, wet bar, and existing stock.
    • Includes a newly renovated 3‑bedroom, 1‑bath home.
    • Located close to Highland Lake, in the heart of the lakes region.
    • Proximity to Pleasant Mountain ski resort and other recreational activities (golf, skiing).
    • Ample parking space available.
    • Garage converted to a large storage room.

    Overview

    This property presents an opportunity to start a new business with a fully equipped, turnkey restaurant. The restaurant includes stoves, freezers, refrigerators, a full dining area, and a wet bar area, along with its entire stock. Additionally, the property features a newly renovated 7-room home with 3 bedrooms and 1 bath. A garage has been converted into a large storage room. The property offers ample vehicle parking. Located in the heart of the lakes region, it is a short walk to Highland Lake and close to shopping, golf, and Pleasant Mountain ski resort, offering skiing opportunities in the winter. The property is zoned for commercial and residential use and has a lot size of 1.06 acres. The building size is 3266 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Kitchen & Bath Showroom Storage Facility Furniture & Home Goods Hotel & Motel (Bike/Boat/Book/etc) Store Bed & Breakfast Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgton
    County
    Cumberland
    State
    Maine
    Longitude
    -70.7353716
    Latitude
    44.0629041

    Nearby Similar for Sale

    • $140,000
      600 SF

      Charming Commercial Property in Bridgton

      Unique commercial property with historic charm and untapped potential.
      2 Iredale Street, Bridgton, ME 04009
      View Details
    • $2,100,000
      8,000 SF

      Freestanding NAPA Store For Sale

      Freestanding NAPA store with corporate guarantee and new construction.
      328 Portland Rd, Bridgton, ME
      View Details

    FAQs

    What type of property is this?
    Restaurant - Equipped restaurant, renovated home, and storage near lakes and skiing.
    Where is this restaurant located?
    The property is located at 251 N High Street Bridgton, ME.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Turn‑key restaurant opportunity with fully equipped kitchen, dining area, wet bar, and existing stock.; **Includes a newly renovated 3‑bedroom, 1‑bath home.**; Located close to Highland Lake, in the heart of the lakes region.
    (207) 317-1297
    We can help!
    Listing Contact
    Richard Vraux
    Learn More
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    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.

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