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Mixed-Use Building with Grease Trap
For Sale
$229,000

346-348 Main Street, Bingham, ME 04920

Former restaurant space includes food-service infrastructure, restaurant equipment, and an upstairs residential component.

Property Size3,854 SF
Price / SF$59.42
Days on Market187

Property Features for 346-348 Main Street

General Information

Standard status Active
Size 3,854 SF
Property subtype Commercial / Mixed Use

Restaurant

Grease Trap Yes
Equipment Included Yes

Additional Details

Road Access Yes

Amenities

grease trap
metal roof
boiler
heat pump
Heat Pump
Hot Water, Heat Pump, Baseboard
Full, Unfinished
Wood, Vinyl
Yes
Concrete Perimeter
.00
Metal
Wood Siding

Building Details

Buildings 1
Stories 2
Listing Agency: Coldwell Banker Realty
Listed By: Aaron Kollmeyer · License #SA927421
Source: Compass
Added: Feb 25 Changed: Aug 30 Last Checked: Aug 30 at 10:02AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This 3,854-square-foot mixed-use building at 346-348 Main Street combines a former restaurant layout with residential space above. The property includes a grease trap, restaurant equipment, a newer metal roof, and a recently serviced boiler supplying hot-water baseboard heat to both floors. A first-floor heat pump provides additional heating and cooling.

The building is situated on the main street in downtown Bingham. The sale includes the rear parking lot, providing off-street parking and possible room for two additional building lots, subject to buyer verification.

The current configuration could support between 2 and 4 total units. The first level may be arranged as two residential units or commercial/retail space, while the upper level could accommodate two 2-bedroom, 1-bath apartments. The property offers flexibility for continued food-service use, residential conversion, or a combination of commercial and residential occupancy.

Key Highlights

  • 3,854‑square‑foot mixed‑use building at 346‑348 Main Street
  • Grease trap and restaurant equipment included with the sale
  • Upper level could accommodate two 2‑bedroom, 1‑bath apartments

Property Analytics

Current Use

Conventional restaurants

Lease Details

Yes
Paved road access
Yes
Grease trap

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 04920, ME

1,602
Population
1,298
Households
1.2
Avg Household Size
54
Median Age
12%
College-Educated
91%
High-School Grad
219.8 sq mi
ZIP Area
7
Density / Sq Mi
$43,138
Median Household Income
$34,673
Median Earnings
$827
Median Rent
$108,900
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Former restaurant space includes food-service infrastructure, restaurant equipment, and an upstairs residential component.
Where is this mixed-use property located?
The property is located at 346-348 Main Street Bingham, ME.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 3,854‑square‑foot mixed‑use building at 346‑348 Main Street; Grease trap and restaurant equipment included with the sale; Upper level could accommodate two 2‑bedroom, 1‑bath apartments
More about this property
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