Freestanding Restaurant
512 Main Street, Saco, ME 04072
For Sale
$1,595,000
Commercial Sale, Saco, ME
Property Size6,912 SF
Lot Size0.32 Acres
Price / SF$230.76
Days on Market92
Property Features for 512 Main Street
General Information
Property type
Property subtype
Zoning
Basement
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Town & Shore Real Estate
(207) 773-0262
Listed By:
Jeffrey Davis · License ME #901562
(207) 233-9423
Added: Aug 11
Changed: Oct 27
Last Checked: Nov 10 at 10:06AM
MLS# 1632213
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 freestanding restaurant property in Saco includes a 6,912-square-foot building on a 0.32-acre parcel. The offering consists of the real estate and equipment; the operating business is excluded. An existing tenant occupies the property under lease.
Constructed in 1978, the building features wood siding, tile and vinyl flooring, a shingle roof, and central air conditioning. Heating is provided by oil, propane, and forced air systems. Public water and public sewer serve the property, and the site includes a substantial parking area. The property is zoned B-2C and is located at 512 Main Street in Saco, Maine.
Constructed in 1978, the building features wood siding, tile and vinyl flooring, a shingle roof, and central air conditioning. Heating is provided by oil, propane, and forced air systems. Public water and public sewer serve the property, and the site includes a substantial parking area. The property is zoned B-2C and is located at 512 Main Street in Saco, Maine.
Key Highlights
- 6,912‑square‑foot freestanding restaurant building
- 0.32‑acre parcel with a substantial parking area
- Real estate and equipment included; operating business excluded
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
$370,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in York County, ME
Properties on Market for Conventional restaurants in York County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant real estate and equipment are offered separately from the operating business, with an existing tenant in place.
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: 6,912‑square‑foot freestanding restaurant building; 0.32‑acre parcel with a substantial parking area; Real estate and equipment included; operating business excluded
