Turnkey Restaurant and
For Sale
$600,000
16 School Street, Sanford, ME 04073
Multi-level, fully equipped restaurant and bar with commercial kitchen and bar area, plus walk-in refrigeration and storage.
Property Size6,921 SF
Price / SF$86.69
Days on Market133
Property Features for 16 School Street
General Information
Standard status
Active
Size
6,921 SF
Property subtype
Retail
Zoning
Urban Business
Additional Details
Business Included
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,335
Amenities
Heat Pump
3
Parking.
Other Parking, On Street, Off Street.
0.1
Building Details
Year Built
1973
Year Renovated
2019
Stories
3
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Melissa Rioux
(207) 286-7321
Source:
Xome
Added: Apr 26
Changed: Sep 1
Last Checked: Sep 4 at 2:35AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This turnkey multi-level hospitality property is set up for restaurant and bar operations, with approximately 150 seats across three functional levels. The first floor features a main dining area with approximately 16 tables and a fully equipped commercial kitchen designed for high-volume service. The second level includes a 22-seat horseshoe sports bar with additional seating and six TVs, along with an expanded entertainment-focused layout. The finished lower level provides back-of-house support with two walk-in coolers, a walk-in freezer, prep space, storage, and additional operational areas.
The property is located at 16 School Street within Sanford’s Urban Business zoning district. Public water and sewer are available, and a large public parking lot is located next door. The property was extensively renovated in 2019 and the sale includes furniture, fixtures, equipment, and a full kitchen setup intended to support a quick restart of operations.
The offering is presented as a plug-and-play restaurant and bar opportunity, with strong existing infrastructure and updated finishes throughout.
The property is located at 16 School Street within Sanford’s Urban Business zoning district. Public water and sewer are available, and a large public parking lot is located next door. The property was extensively renovated in 2019 and the sale includes furniture, fixtures, equipment, and a full kitchen setup intended to support a quick restart of operations.
The offering is presented as a plug-and-play restaurant and bar opportunity, with strong existing infrastructure and updated finishes throughout.
Key Highlights
- Multi‑level restaurant and bar with approximately 150 seats across three functional levels
- First floor includes a main dining area with approximately 16 tables and a fully equipped commercial kitchen for high‑volume service
- Second level features a 22‑seat horseshoe sports bar with additional seating and six TVs
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 17%
Electronics 2%
McDonald's
Dining
21,370 visits/mo
0.4 miles
Dunkin' Donuts
Dining
16,146 visits/mo
0.1 miles
Sunoco
Shops & Services
4,542 visits/mo
0.5 miles
Dairy Queen
Dining
4,500 visits/mo
0.4 miles
Family Dollar
Shops & Services
2,968 visits/mo
0.3 miles
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
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 - Multi-level, fully equipped restaurant and bar with commercial kitchen and bar area, plus walk-in refrigeration and storage.
Where is this conventional restaurant located?
The property is located at 16 School Street Sanford, ME.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Multi‑level restaurant and bar with approximately 150 seats across three functional levels; First floor includes a main dining area with approximately 16 tables and a fully equipped commercial kitchen for high‑volume service; Second level features a 22‑seat horseshoe sports bar with additional seating and six TVs
