Medical Office Space with Healthcare
For Sale
$355,000
154 Main Street, Bridgton, ME 04009
Commercial Sale, Bridgton, ME
Property Size1,995 SF
Lot Size0.23 Acres
Price / SF$177.94
Days on Market39
Property Features for 154 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
DowntownVillageBiz1
Parking features
Off Street, On Street
Interior features
Storage
Accessibility
Accessible Approach with Ramp
Lot features
Downtown, Business District, Near Shopping, Retail Strip
Standard status
Active
Size
1,995 SF
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Medical Specialty
physical therapy
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4096
HOA Fee
$350 Annually
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2007
Number of units
1
Flooring type
Tile, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty · Keller Williams Realty
(603) 610-8500
Listed By:
Lisa Church
(207) 329-3429
Added: Sep 19
Changed: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 1668442
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.
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Investment Insights
Based on property information with market context.
This 1,995-square-foot medical office property was built in 2007 and sits on a 0.23-acre lot. Saco Bay Orthopedic & Sports Physical Therapy occupies the full building under a modified gross lease extended through December 2029, with contractual cost-of-living increases. Interior features include storage, tile and carpet flooring, and an accessible approach with a ramp. The building has heat-pump heating and cooling, public water and sewer, and off-street and on-street parking.
The property is at 154 Main Street in Bridgton, across from Renys. Its zoning designation is DowntownVillageBiz1.
The property is at 154 Main Street in Bridgton, across from Renys. Its zoning designation is DowntownVillageBiz1.
Key Highlights
- Saco Bay Orthopedic & Sports Physical Therapy occupies the entire building
- Modified gross lease extended through December 2029, with cost‑of‑living increases
- 1,995 square feet on a 0.23‑acre lot; built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,058
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,160
$581.2K
Cap Rate 7%
$415,114
$415.1K
Cap Rate 9%
$322,867
$322.9K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$53.9K $27.00/SF
− Vacancy
−$5.4K −$2.72/SF
EGI
$48.4K $24.28/SF
− OpEx
−$19.4K −$9.71/SF
NOI
$29.1K $14.57/SF
Area
Cumberland County, ME
Vacancy
10.09%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,160
Cap Rate 7%
$415,114
Cap Rate 9%
$322,867
Alternative Uses
Best Use
Healthcare Medical
$415.1K
$363.2K – $484.3K
NOI $29,058 @ 7.0% cap · market cap 8.19%
Second Best
Office B
$408.0K
$357.0K – $476.0K
NOI $28,561 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$548.3K
$479.8K – $639.7K
NOI $38,383 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 04009, ME
5,298
Population
4,580
Households
1.2
Avg Household Size
51
Median Age
32%
College-Educated
93%
High-School Grad
56.5 sq mi
ZIP Area
94
Density / Sq Mi
$86,386
Median Household Income
$48,737
Median Earnings
$1,196
Median Rent
$286,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The entire building is occupied by an outpatient physical therapy provider under a modified gross lease.
Where is this medical office space located?
The property is located at 154 Main Street Bridgton, ME.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Saco Bay Orthopedic & Sports Physical Therapy occupies the entire building; Modified gross lease extended through December 2029, with cost‑of‑living increases; 1,995 square feet on a 0.23‑acre lot; built in 2007
