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Waterfront Development Opportunity in Hampden

108 Marina Road Hampden, ME 04444

Claim this Listing
For Sale
$900,000

COMMERCIAL - Hampden, ME

Property size:
4,180 SF
Lot size:
1.00 Acre
Price / SF:
$215/SF
Added:
May 25, 2026
Days on Market:
49
Last Refresh:
Jul 12 at 5:06 am

Property Features for 108 Marina Road

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Commerical Services
Standard status
Active
Size
4,180 SF
Lot size
1.00 Acre

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
9984

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1990

Listing agent Scott Pettengill

Listing office Tim Dunham Realty 643 Lewiston Rd, Topsham, ME

Listing date May 25, 2026

MLS# 1646935

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.

This waterfront property in Hampden, Maine, presents a development opportunity with views of the Penobscot River. Currently operating as a seasonal, turn-key restaurant within a marina setting, the property offers immediate income potential. The site is zoned for commercial services and is suitable for developers and investors interested in residential and mixed-use spaces. Potential concepts include townhome or condo development with river views, a boutique waterfront event venue, hospitality or short-term rental conversion, or a mixed-use project combining residential, retail, and dining. The marina setting and waterfront backdrop offer lifestyle appeal. The property could also be used as a destination event center, wedding venue, corporate retreat space, or upscale restaurant. The property includes an attached two-bedroom, one-bath apartment suitable for on-site management, staff housing, or supplemental rental income. The property size is 4180 square feet, and the lot size is 1 acre.

Key Highlights

  • Rare waterfront development opportunity with expansive Penobscot River views.
  • Immediate income potential as a turn‑key seasonal restaurant within a marina.
  • Flexible zoning allows for diverse high‑value uses such as residential, mixed‑use, hospitality, and event venue.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $79.3k $18.96
− Vacancy −$3.3k −$0.80
EGI $75.9k $18.16
− OpEx −$19.0k −$4.54
NOI $56.9k $13.62
4,180 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$813.5K
$711.8K – $949.1K (±1% cap)
NOI $56,943 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M (±1% cap)
NOI $94,501 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Wedding venues

Suggested Use

Real Estate Agency Pharmacy Kitchen & Bath Showroom Grocery & Convenience Store HVAC Service Plumbing Service Skin Care Clinic Gym & Fitness Center Grocery & Convenience Store Computer & Electronic Repair

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

FAQs

What type of property is this?
Restaurant - Rare waterfront property with redevelopment potential and immediate income.
Where is this restaurant located?
The property is located at 108 Marina Road Hampden, ME.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Rare waterfront development opportunity with expansive Penobscot River views.; Immediate income potential as a turn‑key seasonal restaurant within a marina.; Flexible zoning allows for diverse high‑value uses such as residential, mixed‑use, hospitality, and event venue.
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