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Restaurant Property with Outbuilding
For Sale
$899,000

2379 Rangeley Road, Phillips, ME 04966

Commercial Sale, Phillips, ME

Property Size1,924 SF
Lot Size2.20 Acres
Price / SF$467.26
Days on Market138

Property Features for 2379 Rangeley Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Rooms Basement
Interior features Storage
Basement Unfinished, Partial
Accessibility Accessible Approach with Ramp
Lot features Other Location, Rural
Standard status Active
Size 1,924 SF
Lot size 2.20 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 3468

Utilities

Sewer type Septic Tank, Private Sewer
Heating system Oil
Water source Well, Private

Building Details

Year built 1995
Flooring type Vinyl
Building materials Wood Frame, Wood Siding
Roof type Shingle, Metal
Additional Structures Storage
Listing Agency: Keller Williams Realty
Listed By: Elizabeth Walker-Feeney
Added: Apr 9 Changed: Aug 19 Last Checked: Aug 24 at 9:06PM
MLS# 1657021

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 restaurant property includes a 1,924-square-foot building constructed in 1995, with kitchen space, storage, vinyl flooring, oil heat, and a basement. The property also includes an outbuilding that previously operated as a laundromat. The main structure has a history as a convenience store and currently supports restaurant use.

Set on 2.2 acres along Route 4 in Phillips, the property provides 622 feet of road frontage and is located 15–20 minutes south of Rangeley. Commercial zoning, a private well, private septic system, and an accessible approach with ramp are among the existing site and building features.

Key Highlights

  • 1,924‑square‑foot building constructed in 1995
  • 2.2‑acre commercial property with 622 feet of road frontage
  • Main building includes kitchen space, storage, and a basement

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Commercially zoned restaurant property with kitchen space, storage, and a separate outbuilding along Route 4.
Where is this conventional restaurant located?
The property is located at 2379 Rangeley Road 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: 1,924‑square‑foot building constructed in 1995; 2.2‑acre commercial property with 622 feet of road frontage; Main building includes kitchen space, storage, and a basement
More about this property
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