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Freestanding Restaurant with Outbuilding
For Sale
$899,000

2379 Rangeley Rd, Phillips, ME 04966

Includes kitchen space, additional storage, and a separate outbuilding.

Property Size1,924 SF
Lot Size2.20 Acres
Price / SF$467.26
Days on Market31

Property Features for 2379 Rangeley Rd

General Information

Standard status Active
Size 1,924 SF
Lot size 2.20 Acres

Additional Details

Road Access Yes

Building Details

Year Built 1995
Buildings 2
Listing Agency: Keller Williams Realty
Listed By: Elizabeth Walker-Feeney
Source: 603luxury
Added: Jul 30 Changed: Aug 28 Last Checked: Aug 29 at 11:55AM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

This restaurant property includes a 1,924-square-foot building constructed in 1995, with kitchen space, additional storage, and a separate outbuilding. The building previously served as a convenience store with kitchen facilities, while the outbuilding formerly operated as a laundromat. The existing restaurant use is intended to continue under new ownership.

Set along Route 4 in Western Maine, the property encompasses 2.2 acres and provides 622 feet of road frontage. It is located approximately 15–20 minutes south of Rangeley, placing the site within a corridor serving local and seasonal activity. The property’s current improvements provide a restaurant building, storage capacity, and a second structure on the site.

Key Highlights

  • 2.2‑acre property with 622 feet of road frontage on Route 4
  • 1,924‑square‑foot building constructed in 1995
  • Existing restaurant building includes kitchen space

Property Analytics

Current Use

Bear Belly's Tap ... Restaurant

Suggested Use

Top Pick Bakery Discount Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby
Well-served
Demand for This Use

Demographics for 04966, ME

1,527
Population
1,205
Households
1.3
Avg Household Size
51
Median Age
21%
College-Educated
90%
High-School Grad
237.8 sq mi
ZIP Area
6
Density / Sq Mi
$45,917
Median Household Income
$32,500
Median Earnings
$430
Median Rent
$156,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Includes kitchen space, additional storage, and a separate outbuilding.
Where is this conventional restaurant located?
The property is located at 2379 Rangeley Rd Phillips, ME.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2.2‑acre property with 622 feet of road frontage on Route 4; 1,924‑square‑foot building constructed in 1995; Existing restaurant building includes kitchen space
More about this property
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