Building Details

Number of units 4

Flooring type Wood, Vinyl

Building materials Wood Siding

Roof type Metal

Listing Agency: Coldwell Banker Realty · Coldwell Banker Real Estate j***@nemoves.com Show Phone

Listed By: Aaron Kollmeyer Show Phone

Added: Jul 11 Changed: Aug 19 Last Checked: Aug 22 at 6:06PM

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MLS# 1653566

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Investment Insights

Based on property information with market context.

346-348 Main Street in downtown Bingham is a mixed-use restaurant building with space for residential units above. The property was formerly operated as a restaurant with an apartment above, and it offers flexible potential with 2–4 total units depending on configuration. Restaurant utilities and infrastructure include a grease trap, which supports restaurant or food-service use if desired.

The building includes a basement and a newer metal roof. Heat and comfort systems include a recently serviced boiler providing hot water baseboard heat to both floors, plus a heat pump on the first floor for additional heating and cooling. Water is provided by public supply and wastewater is handled by public sewer. Interior finishes include wood siding and wood and vinyl flooring.

The sale includes the parking lot located behind the building for off-street parking, with potential for two additional building lots (buyer to verify). Restaurant equipment conveys with the sale, creating options for a new operator looking to reopen or repurpose the space.

Key Highlights

• Grease trap supports restaurant or food‑service use
• Newer metal roof
• Recently serviced boiler provides hot water baseboard heat to both floors

Property Analytics

Property Profile

Current Use

Conventional restaurants

Lease Details

Yes

Grease trap

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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 Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Main-street mixed-use building with a first-floor restaurant setup and a newer metal roof over both floors.

Where is this conventional restaurant located?

The property is located at 346-348 Main Street Bingham, ME.

What is the asking price?

The asking price for this property is $169,000.

What are key features of this property?

This property features: Grease trap supports restaurant or food‑service use; Newer metal roof; Recently serviced boiler provides hot water baseboard heat to both floors