Equipped Conventional Restaurant
For Sale
$600,000
16 School Street, Sanford, ME 04073
Commercial Sale, Sanford, ME
Property Size6,921 SF
Lot Size0.10 Acres
Price / SF$86.69
Days on Market67
Property Features for 16 School Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Urban Business
Rooms
Basement
Parking features
Off Street, Other, On Street
Basement
Full, Finished
Accessibility
Accessible Approach with Ramp
Lot features
Downtown, Near Shopping
Standard status
Active
Size
6,921 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5335
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Hot Water(Heating), Electric (Heating), Oil
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1973
Flooring type
Vinyl, Tile, Concrete, Carpet
Building materials
Masonry, Brick
Roof type
Membrane, Flat
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Melissa Rioux
(207) 286-7321
Added: Jul 13
Changed: Sep 14
Last Checked: Sep 17 at 1:06PM
MLS# 1661483
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.
Investment Insights
Based on property information with market context.
This 6,921-square-foot conventional restaurant property includes three functional levels and approximately 150 seats. The first floor provides a main dining area with approximately 16 tables and a commercial kitchen. A 22-seat horseshoe sports bar, six TVs, and additional entertainment-oriented seating occupy the second level. The lower level contains two walk-in coolers, a walk-in freezer, prep space, storage, and back-of-house areas. Furniture, fixtures, equipment, and the kitchen setup are included. Renovations were completed in 2019.
Located at 16 School Street in Downtown Sanford, the property is within the Urban Business zoning district. Public water and sewer serve the building, which was constructed in 1973 and includes masonry and brick construction. On-street and off-street parking are available, with a large public parking lot next door. Additional features include heat-pump cooling, a membrane flat roof, and an accessible approach with ramp.
Located at 16 School Street in Downtown Sanford, the property is within the Urban Business zoning district. Public water and sewer serve the building, which was constructed in 1973 and includes masonry and brick construction. On-street and off-street parking are available, with a large public parking lot next door. Additional features include heat-pump cooling, a membrane flat roof, and an accessible approach with ramp.
Key Highlights
- 6,921 square feet across three functional levels
- Approximately 150 seats with approximately 16 tables
- 22‑seat horseshoe sports bar with six TVs
Property Analytics
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Current Use
Lease Details
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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-level hospitality building with commercial kitchen, sports bar, storage, and public water and sewer.
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: 6,921 square feet across three functional levels; Approximately 150 seats with approximately 16 tables; 22‑seat horseshoe sports bar with six TVs
