Hospitality and Retreat
1420 N High St Bridgton, ME 04009
For Sale
Contact for pricing
Large 15,000 SF property designed for long-term durability with existing septic capacity and expansion potential.
Property Size15,000 SF
Price / SF$106.33
Days on Market87
Property Features for 1420 N High St
General Information
Standard status
Active
Size
15,000 SF
Property subtype
HOSPITALITY
Listing Agency:
Greene & Shaw Real Estate
(207) 939-8508
Listed By:
Joseph A. Shaw
(207) 939-8508
Source:
Moodyscre
Added: May 4
Changed: Jul 27
Last Checked: Jul 28 at 3:25PM
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 Greene & Shaw Real Estate
Investment Insights
Based on property information with market context.
This 15,000 SF hospitality and specialty-use property was originally conceived as a substantial private family compound and was built for long-term durability. The offering is positioned for adaptive use, including options such as a boutique resort, retreat center, lodging concept, destination property, or continued residential compound, subject to required approvals. A 6-bedroom septic system is currently in place, and the property was previously approved for an additional 10-bedroom septic system, supporting meaningful expansion potential.
The property is located in Bridgton’s Mixed Use Corridor, with access to four-season recreation and regional tourism traffic, including skiing, hiking, lakes, dining, and shopping. It is described as being just minutes from Pleasant Mountain and approximately 30 minutes to North Conway, NH.
The property is located in Bridgton’s Mixed Use Corridor, with access to four-season recreation and regional tourism traffic, including skiing, hiking, lakes, dining, and shopping. It is described as being just minutes from Pleasant Mountain and approximately 30 minutes to North Conway, NH.
Key Highlights
- 15,000 SF property designed for long‑term durability, originally planned as a private family compound
- 6‑bedroom septic system currently in place, with prior approval for an additional 10‑bedroom septic system
- Adaptive‑use potential for a boutique resort, retreat center, lodging concept, or destination/residential compound (subject to required approvals)
Financial Insights For Hotel Hospitality
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 | $270.0k | $18.00 |
| − Vacancy | −$40.5k | −$2.70 |
| EGI | $229.5k | $15.30 |
| − OpEx | −$120.5k | −$8.03 |
| NOI | $109.0k | $7.27 |
15,000 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.56M
$1.36M – $1.82M
NOI $109,013 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,593 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Resort - Large 15,000 SF property designed for long-term durability with existing septic capacity and expansion potential.
Where is this resort located?
The property is located at 1420 N High St Bridgton, ME.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 15,000 SF property designed for long‑term durability, originally planned as a private family compound; 6‑bedroom septic system currently in place, with prior approval for an additional 10‑bedroom septic system; Adaptive‑use potential for a boutique resort, retreat center, lodging concept, or destination/residential compound (subject to required approvals)
