Mixed-Use Property with Attached
New
For Sale
$575,000
251 N HIGH Street, Bridgton, ME 04009
Commercial Sale, Bridgton, ME
Property Size3,266 SF
Lot Size1.06 Acres
Price / SF$176.06
Days on Market1
Property Features for 251 N HIGH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial/Mixed use
Basement
Crawl Space
Standard status
Active
Size
3,266 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4533
Utilities
Sewer type
Engineered Septic, Septic Tank
Heating system
Heat Pump (Heating), Natural Gas, Forced Air
Cooling system
Heat Pump, Wall Unit(s)
Water source
Well
Building Details
Flooring type
Vinyl, Tile
Building materials
Wood Frame, Wood Siding
Roof type
Shingle, Fiberglass
Buildings
1
Listing Agency:
Century 21 North East
(800) 844-7653
Listed By:
Barbara Lewis
(207) 831-7574
Added: Oct 28
Last Checked: Oct 28 at 6:06PM
MLS# 1685972
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.
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Investment Insights
Based on property information with market context.
This 3,266-square-foot mixed-use property combines a former restaurant space with an attached, newly renovated three-bedroom home. Furniture and kitchen equipment are included. The building is single-level, with vinyl and tile flooring, heat-pump and natural-gas heating, and heat-pump and wall-unit cooling. A large shed is also on the property and could be converted back to a garage. Commercial/mixed-use zoning supports the property's mixed-use classification.
The 1.06-acre parcel is in Bridgton, Maine. Water is supplied by a well, and wastewater is handled by an engineered septic system and septic tank.
The 1.06-acre parcel is in Bridgton, Maine. Water is supplied by a well, and wastewater is handled by an engineered septic system and septic tank.
Key Highlights
- 3,266‑square‑foot mixed‑use property on 1.06 acres
- Former restaurant space includes furniture and kitchen equipment
- Attached renovated three‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,564
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,280
$811.3K
Cap Rate 7%
$579,486
$579.5K
Cap Rate 9%
$450,711
$450.7K
Market Conditions
NOI Build-Up for 3,266 SF
Gross rent
$70.5K $21.60/SF
− Vacancy
−$5.6K −$1.73/SF
EGI
$64.9K $19.87/SF
− OpEx
−$24.3K −$7.45/SF
NOI
$40.6K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,280
Cap Rate 7%
$579,486
Cap Rate 9%
$450,711
Alternative Uses
Best Use
Mixed Use
$579.5K
$507.1K – $676.1K
NOI $40,564 @ 7.0% cap · market cap 7.05%
Second Best
Specialty Retail
$522.8K
$457.5K – $609.9K
NOI $36,596 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$897.7K
$785.5K – $1.05M
NOI $62,836 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 04009, ME
5,298
Population
4,580
Households
1.2
Avg Household Size
51
Median Age
32%
College-Educated
93%
High-School Grad
56.5 sq mi
ZIP Area
94
Density / Sq Mi
$86,386
Median Household Income
$48,737
Median Earnings
$1,196
Median Rent
$286,600
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A restaurant-equipped commercial building includes a renovated three-bedroom residence and a shed with potential garage use.
Where is this mixed-use property located?
The property is located at 251 N HIGH Street Bridgton, ME.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,266‑square‑foot mixed‑use property on 1.06 acres; Former restaurant space includes furniture and kitchen equipment; Attached renovated three‑bedroom residence
