Updated Restaurant
For Sale
$470,000
1575 Bridgton Road, Westbrook, ME 04092
The property currently operates as a bakery/restaurant and includes on-site parking.
Property Size1,620 SF
Lot Size7.32 Acres
Price / SF$290.12
Days on Market623
Property Features for 1575 Bridgton Road
General Information
Standard status
Active
Size
1,620 SF
Lot size
7.32 Acres
Property subtype
Commercial
Zoning
RGA 3
Additional Details
Equipment Included
No
Taxes and HOA fees
Annual Taxes
$5,618
Building Details
Building Size
1,620 SF
Year Built
1945
Buildings
1
Listing Agency:
A Team Realty
(207) 595-0427
Listed By:
Ashley Fearon · License #BR924915
(207) 595-0427
Source:
Startpoint
Added: Nov 21, 2024
Changed: Aug 5
Last Checked: Aug 5 at 1:26PM
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 A Team Realty
Investment Insights
Based on property information with market context.
This 1,620-square-foot restaurant property occupies 7.32 acres in Westbrook, Maine. The building is currently operating as a bakery/restaurant and has received extensive recent updates. On-site parking includes 20+ spaces, supporting customer and employee access. The building dates to 1945 and is identified with RGA 3 zoning.
Positioned on Route 302 at 1575 Bridgton Road, the property offers visibility and access along a heavily traveled commercial corridor. The offering includes the real estate only; the operating business, appliances, and equipment are negotiable separately. The existing restaurant configuration and updated improvements provide a defined foundation for continued bakery or restaurant use.
Positioned on Route 302 at 1575 Bridgton Road, the property offers visibility and access along a heavily traveled commercial corridor. The offering includes the real estate only; the operating business, appliances, and equipment are negotiable separately. The existing restaurant configuration and updated improvements provide a defined foundation for continued bakery or restaurant use.
Key Highlights
- 1,620‑square‑foot building on 7.32 acres
- Currently operating as a bakery/restaurant
- 20+ parking spots on site
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 | $29.2k | $18.00 |
| − Vacancy | −$5.0k | −$3.06 |
| EGI | $24.2k | $14.94 |
| − OpEx | −$6.1k | −$3.74 |
| NOI | $18.2k | $11.21 |
1,620 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$259.3K
$226.9K – $302.5K
NOI $18,152 @ 7.0% cap · market cap 3.86%
Second Best
Retail
$242.0K
$211.8K – $282.4K
NOI $16,942 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$445.3K
$389.6K – $519.5K
NOI $31,168 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
2k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SUBWAY
Dining
2,036 visits/mo
0.3 miles
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property currently operates as a bakery/restaurant and includes on-site parking.
Where is this conventional restaurant located?
The property is located at 1575 Bridgton Road Westbrook, ME.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 1,620‑square‑foot building on 7.32 acres; Currently operating as a bakery/restaurant; 20+ parking spots on site
