Restaurant Building with Commercial
For Sale
Contact for pricing
1420 Long Plains Rd, Buxton, ME 04093
Restaurant building on 3.1+/- acres with fully equipped commercial kitchen, multiple dining rooms, and a large outdoor deck.
Property Size3,600 SF
Lot Size3.10 Acres
Price / SF$165.28
Days on Market468
Property Features for 1420 Long Plains Rd
General Information
Standard status
Active
Size
3,600 SF
Lot size
3.10 Acres
Property subtype
Hospitality, Mixed Use, Retail
Zoning
Village
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Commercial Hood
Yes
Amenities
full-service bar
commercial kitchen
large deck
exposed brick accents
vaulted beam ceilings
Building Details
Year Built
1798
Year Renovated
2017
Construction
timber beam
Listing Agency:
Porta & Co
Listed By:
Charles W. Day · License #ME BR 913583
Source:
Crexi
Added: May 29, 2025
Changed: Sep 8
Last Checked: Jul 24 at 4:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Porta & Co
Investment Insights
Based on property information with market context.
Set on 3.1+/- acres along Long Plains Road in Buxton, Maine, this 3,600+/- square foot commercial building was originally built in 1798 and comprehensively renovated in 2017. The interior preserves historic character with exposed timber beam ceilings and period architectural detail, paired with updated systems and finishes. Most recently operating as a restaurant, the layout is organized across several distinct rooms and gathering spaces.
At the center is a full-service bar with custom reclaimed wood millwork, stone countertops, and vaulted beam ceilings. Adjacent dining areas feature a mix of hardwood and tile flooring, built-in banquette seating, and natural light from multiple window exposures. A separate flex space with exposed brick accents and open bench seating provides additional space for a range of configurations. The back of house is anchored by a fully equipped commercial kitchen with professional-grade appliances, stainless preparation surfaces, and overhead ventilation infrastructure.
Outside, a large deck extends the building’s footprint and provides open-air capacity with wooded views beyond. The property includes ample paved, on-site parking. Village zoning applies.
At the center is a full-service bar with custom reclaimed wood millwork, stone countertops, and vaulted beam ceilings. Adjacent dining areas feature a mix of hardwood and tile flooring, built-in banquette seating, and natural light from multiple window exposures. A separate flex space with exposed brick accents and open bench seating provides additional space for a range of configurations. The back of house is anchored by a fully equipped commercial kitchen with professional-grade appliances, stainless preparation surfaces, and overhead ventilation infrastructure.
Outside, a large deck extends the building’s footprint and provides open-air capacity with wooded views beyond. The property includes ample paved, on-site parking. Village zoning applies.
Key Highlights
- 3,600+/- SF commercial building built in 1798, with exposed timber beam ceilings and period interior detail
- Renovated in 2017 with updated systems and finishes throughout
- Restaurant layout with multiple distinct rooms, including hardwood and tile flooring, built‑in banquette seating, and natural light from multiple window exposures
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,541
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$870,820
$870.8K
Cap Rate 7%
$622,014
$622.0K
Cap Rate 9%
$483,789
$483.8K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$64.8K $18.00/SF
− Vacancy
−$6.7K −$1.87/SF
EGI
$58.1K $16.13/SF
− OpEx
−$14.5K −$4.03/SF
NOI
$43.5K $12.09/SF
Area
York County, ME
Vacancy
10.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$870,820
Cap Rate 7%
$622,014
Cap Rate 9%
$483,789
Alternative Uses
Best Use
Specialty Retail
$622.0K
$544.3K – $725.7K
NOI $43,541 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$998.5K – $1.33M
NOI $79,883 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 04093, ME
8,376
Population
3,906
Households
2.1
Avg Household Size
44
Median Age
31%
College-Educated
97%
High-School Grad
40.5 sq mi
ZIP Area
207
Density / Sq Mi
$85,208
Median Household Income
$53,628
Median Earnings
$1,413
Median Rent
$315,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building on 3.1+/- acres with fully equipped commercial kitchen, multiple dining rooms, and a large outdoor deck.
Where is this conventional restaurant located?
The property is located at 1420 Long Plains Rd Buxton, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,600+/- SF commercial building built in 1798, with exposed timber beam ceilings and period interior detail; Renovated in 2017 with updated systems and finishes throughout; Restaurant layout with multiple distinct rooms, including hardwood and tile flooring, built‑in banquette seating, and natural light from multiple window exposures
