Multi-Level Restaurant &
For Sale
$600,000
16 School Street, Sanford, ME 04073
COMMERCIAL - Sanford, ME
Property Size6,921 SF
Lot Size0.10 Acres
Price / SF$86.69
Days on Market51
Property Features for 16 School Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Urban Business
Rooms
Basement
Parking features
On Street, Other, Off Street
Basement
Finished, Full
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
Concrete, Carpet, Vinyl, Tile
Building materials
Masonry, Brick
Roof type
Flat, Membrane
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Melissa Rioux
(207) 286-7321
Added: Jul 3
Changed: Aug 4
Last Checked: Aug 22 at 9:06AM
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.
Multi-level turnkey restaurant and bar at 16 School Street offering approximately 150 seats across three functional levels. The first floor features a spacious main dining area with approximately 16 tables and a fully equipped commercial kitchen built for high-volume service. The second level includes a 22-seat horseshoe sports bar with additional seating and an entertainment-focused layout supported by six TVs. The finished lower level supports day-to-day operations with two walk-in coolers, a walk-in freezer, prep space, storage, and back-of-house support areas.
The property was extensively renovated in 2019 and includes updated finishes and strong existing infrastructure throughout. Constructed with masonry brick materials, it has flooring including carpet, concrete, vinyl, and tile. Heating options include hot water, electric, heat pump, and oil, and cooling is provided by a heat pump. The roof is flat with membrane roofing, and the building includes accessible approach with a ramp.
Served by public water and public sewer, the site also offers off-street parking with on-street parking available, plus a large public parking lot conveniently located next door. It is located within Sanford’s Urban Business zoning district.
The property was extensively renovated in 2019 and includes updated finishes and strong existing infrastructure throughout. Constructed with masonry brick materials, it has flooring including carpet, concrete, vinyl, and tile. Heating options include hot water, electric, heat pump, and oil, and cooling is provided by a heat pump. The roof is flat with membrane roofing, and the building includes accessible approach with a ramp.
Served by public water and public sewer, the site also offers off-street parking with on-street parking available, plus a large public parking lot conveniently located next door. It is located within Sanford’s Urban Business zoning district.
Key Highlights
- Approximately 150 seats across three levels with dining, sports bar, and a finished lower‑level support area
- 2019 extensive renovation with turnkey sale including furniture, fixtures, equipment, and full kitchen setup
- First floor includes main dining area with approximately 16 tables and a fully equipped commercial kitchen
Property Analytics
Property Profile
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
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 restaurant and bar with a fully equipped kitchen, 150-seat capacity, and public water and sewer services.
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: Approximately 150 seats across three levels with dining, sports bar, and a finished lower‑level support area; 2019 extensive renovation with turnkey sale including furniture, fixtures, equipment, and full kitchen setup; First floor includes main dining area with approximately 16 tables and a fully equipped commercial kitchen
