Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot Mixed-Use Potential Title is generated by Realmo AI

    53 Pleasant Street, Lubec, ME 04652

    View on Map
    Claim this Listing
    For Sale
    $349,900

    COMMERCIAL - Lubec, ME

    Property size:
    400 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $874/SF
    Added:
    Apr 4, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 53 Pleasant Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    mixed
    Rooms
    Basement
    Standard status
    Active
    Size
    400 SF
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1849

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater, Electric (Heating)
    Water source
    Public
    Water front features
    Waterfront, Ocean Front
    Water front
    1

    Building Details

    Year built
    2017
    Flooring type
    Heavy duty, Composition
    Building materials
    Wood Frame, Composition, Wood Siding
    Roof type
    Metal, Shingle

    We can help!

    Listing Contact
    Georgiana Kendall

    Listing agent Georgiana Kendall

    Listing office Realty of Maine 185 State Street, Bangor, ME

    Listing date Apr 4, 2026

    MLS# 1655181

    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

    This mixed-use property is located within walking distance to downtown businesses and offers views of the Lubec Narrows. The property is zoned for mixed use, making it suitable for commercial and residential ventures. For nine years, this property has been a seasonal destination. The property includes a fully licensed commercial kitchen, equipped with pizza ovens, a prep table, refrigerators, a triple sink, and a cash register. Outdoor seating provides customers with an al fresco experience. The layout allows for ample parking and additional infrastructure. The 0.46-acre parcel was newly surveyed in 2019 and is ready to build. Situated in town, the property is within walking distance of shops, restaurants, a Farmers' Market, Mowry Beach Preserve, a public saltwater boat launch, and Stockford Park. Nearby attractions include Roosevelt Campobello International Park and Lubec's hiking trails system. The property delivers commercial space, buildable land, and waterfront charm.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Hotel & Motel Kitchen & Bath Showroom HVAC Service Food Market Grocery & Convenience Store Bar & Pub Garden Center Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubec
    County
    Washington
    State
    Maine
    Longitude
    -66.983449
    Latitude
    44.857999

    Nearby Similar for Sale

    • $775,000
      5,000 SF

      Renovated Commercial Space with Ocean Views

      Unique mixed-use property in Lubec with commercial space and living.
      32 Water Street, Lubec, ME 04652
      View Details
    • $634,900
      1,840 SF

      Renovated Multi-Use Historic Building

      Recently renovated mixed-use building with panoramic water views.
      6 School Street, Lubec, ME 04652
      View Details
    • $500,000

      Coastal Land with Ocean Views

      8.15 acre parcel on Maine's Bold Coast.
      L11/12/14 Boot Cove Road, Lubec, ME 04652
      View Details
    • $155,900

      Coastal Land with Septic Design

      7.7-acre surveyed lot near the ocean in Lubec, Maine.
      Boot Cove Road lot: 25 H, Lubec, ME 04652
      View Details
    • $165,000
      1,089,000 SF

      Serene Waterfront Land in Lubec

      25 acres of untouched land with South Bay frontage.
      M11-l15 North Lubec Road, Lubec, ME 04652
      View Details
    • $770,000
      5,400 SF

      Retail/Mixed-Use Property in Lubec

      5,400 SF retail/mixed-use property available for sale.
      41 Water Street, Lubec, ME 04652
      View Details
    • $770,000
      5,400 SF

      Established Brewery in Growing Coastal Town

      Profitable brewery with taproom, equipment, and expansion potential.
      41 Water Street, Lubec Maine, Lubec, ME 04652
      View Details

    FAQs

    What type of property is this?
    Restaurant - Mixed-use property with commercial kitchen and development potential in Lubec.
    Where is this restaurant located?
    The property is located at 53 Pleasant Street Lubec, ME.
    What is the asking price?
    The asking price for this property is $349,900.
    (207) 214-1124
    We can help!
    Listing Contact
    Georgiana Kendall
    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

    Thank You for Inquiry
    53 Pleasant Street, Lubec, ME 04652
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!