154 Main Street, Bridgton, ME 04009
For-sale leased medical rehabilitation facility occupied through December 2029 under a modified gross structure.
- Added:
- Jun 20, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 26 at 1:56 am
Property Features for 154 Main Street
General Information
- Standard status
- Active
- Size
- 1,995 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing office Keller Williams Coastal and Lakes & Mountains Realty (207) 329-3429
Listing date Jun 20, 2026
Source Xome
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HighLights
- Commercial medical rehabilitation facility built in 2007.
- Fully occupied by Saco Bay Orthopedic & Sports Physical Therapy under a modified gross lease.
- Lease extends through December 2029.
- Lease includes cost of living increases and annual contractual rent increases.
- Heat pump cooling and heating listed as 3.
- Parking includes a paved driveway plus off‑street and on‑street parking.
Overview
Located at 154 Main Street in Bridgton, Maine, the property sits on the community’s primary commercial corridor and is positioned on Main Street across from Renys. The surrounding area serves both year-round residents and seasonal visitors, supporting a mix of retail, service, and professional businesses.
For investors seeking a leased healthcare asset, the long-term occupancy by an established outpatient rehabilitation network provides a straightforward tenant-backed platform. With contractual lease extension through 2029 and cost of living increases built into the lease terms, the property is designed for investors looking for dependable income characteristics tied to a single, end-to-end healthcare operator. The seller is also offering a second property leased to the same tenant, creating the opportunity to acquire multiple assets backed by Saco Bay Orthopedic & Sports Physical Therapy.
Local Financial Insights For Healthcare Medical
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 | $53.9k | $27.00 |
| − Vacancy | −$5.4k | −$2.72 |
| EGI | $48.4k | $24.28 |
| − OpEx | −$19.4k | −$9.71 |
| NOI | $29.1k | $14.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bridgton
- County
- Cumberland
- State
- Maine
- Longitude
- -70.7077597
- Latitude
- 44.0546726
