Stand-Alone Restaurant
For Sale
$1,595,000
512 Main Street, Saco, ME 04072
Stand-alone restaurant building with ample parking and included real estate and equipment, sold without the operating business.
Property Size6,912 SF
Price / SF$230.76
Days on Market472
Property Features for 512 Main Street
General Information
Standard status
Active
Size
6,912 SF
Property subtype
Commercial
Building Details
Year Built
1978
Listing Agency:
Town & Shore Real Estate
Listed By:
Jeffrey Davis · License #901562
(207) 233-9423
Source:
Greatislandrealty
Added: Jul 7, 2025
Changed: Oct 21
Last Checked: Oct 20 at 11:55PM
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 Town & Shore Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This stand-alone restaurant building totals 6,912 SF and is described as being in excellent condition. The offering includes real estate and equipment, with the operating business excluded from the sale.
The property also features a huge parking lot, supporting customer parking needs for restaurant operations. Public remarks indicate there is an existing tenant under lease.
This is a real estate-focused purchase for an investor or buyer looking for a leased restaurant facility with parking capacity already in place.
The property also features a huge parking lot, supporting customer parking needs for restaurant operations. Public remarks indicate there is an existing tenant under lease.
This is a real estate-focused purchase for an investor or buyer looking for a leased restaurant facility with parking capacity already in place.
Key Highlights
- Stand‑alone 6,912 SF restaurant building built in 1978
- Huge parking lot for tenant and customer parking
- Sold with real estate and equipment only; operating business is not included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,598
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,960
$1.7M
Cap Rate 7%
$1,194,257
$1.2M
Cap Rate 9%
$928,867
$928.9K
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$124.4K $18.00/SF
− Vacancy
−$13.0K −$1.87/SF
EGI
$111.5K $16.13/SF
− OpEx
−$27.9K −$4.03/SF
NOI
$83.6K $12.09/SF
Area
York County, ME
Vacancy
10.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,960
Cap Rate 7%
$1,194,257
Cap Rate 9%
$928,867
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,598 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,375 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
173k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Groceries 24%
Shops & Services 14%
Hannaford
Groceries
41,459 visits/mo
0.1 miles
McDonald's
Dining
24,056 visits/mo
0.0 miles
Cumberland Farms
Shops & Services
18,107 visits/mo
0.1 miles
Wendy's
Dining
15,192 visits/mo
0.0 miles
Aroma Joe's
Dining
13,399 visits/mo
0.3 miles
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Stand-alone restaurant building with ample parking and included real estate and equipment, sold without the operating business.
Where is this conventional restaurant located?
The property is located at 512 Main Street Saco, ME.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Stand‑alone 6,912 SF restaurant building built in 1978; Huge parking lot for tenant and customer parking; Sold with real estate and equipment only; operating business is not included
