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    127 State Rte Bristol, ME 04554

    Sponsored
    For Sale
    $3,375,000

    Profitable Restaurant & Wharf, Bristol, ME

    Property size:
    7,084 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional coastal commercial property in Bristol, ME, presents a unique investment opportunity. The 7,084 square foot complex includes a thriving restaurant with over 300 indoor and outdoor seats, a lively bar area featuring weekly live bands, and a substantial income stream. A significant asset is the 13,000 square foot commercial wharf (per town records), facilitating both retail lobster sales and wholesale operations. The wharf also leases space to a well-established tour boat company offering excursions to Monhegan Island and other destinations. Two additional buildings house a lobster pound, bait shed, and office space. A year-round residence with waterfront views is included, offering potential for dock replacement. Ample parking is available, with one designated area generating considerable rental income. This property boasts a highly desirable location, having served as a filming location for portions of the movie "Message in a Bottle." Detailed financial information will be provided to qualified buyers upon execution of a Non-Disclosure Agreement. The 3.06-acre lot offers significant expansion potential. This is a turnkey operation with established revenue streams and a strong reputation within the community. All photos were taken after the restaurant's closing.

    Property Features for 127 State Rte

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,084 SF
    Lot Size
    133,294 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bristol
    County
    Lincoln
    State
    Maine
    Longitude
    -69.48974
    Latitude
    43.87607

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable Restaurant & Wharf, Bristol, ME
    Where is this commercial real estate located?
    The property is located at 127 State Rte Bristol, ME.
    What is the asking price?
    The asking price for this property is $3,375,000.
    (207) 563-2775
    Request Owner's contact information
    127 State Rte Bristol, 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

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    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 Rte Bristol, ME 04554
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