Restaurant with Full
56 Main Street Harrison, ME 04040
For Sale
$679,000
Restaurant offering 125 seats, a full bar with live music, and wheelchair accessibility, with on-site four-season recreation access.
Property Size4,485 SF
Price / SF$151.39
Days on Market96
Property Features for 56 Main Street
General Information
- Standard status
- Active
- Size
- 4,485 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing Agency:
Oberg Insurance & Real Estate Agency,Inc.
Listed By:
Jaime Rolfe
(603) 433-3350
Source:
Greatislandrealty
Added: Apr 21
Changed: Jul 22
Last Checked: Jul 24 at 9:40PM
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 Oberg Insurance & Real Estate Agency,Inc.
Investment Insights
Based on property information with market context.
This wood-frame restaurant and tavern was extensively renovated in 1996 and includes a metal roof, hardwood and tile floors, and a granite, block, and poured concrete foundation with a full walk-out basement. The operation includes 125 seats and a full bar with live music, along with a cozy fireplace lounge. The building also provides full wheelchair accessibility.
Located at 56 Main Street in Harrison Village, the property sits between Long Lake and Crystal Lake, in the business district/downtown area near shopping and within a historic district. Trail access behind the building connects for snowmobilers in winter and lake boaters in summer via direct access, and town boat docks are across the street.
Commercial-grade utilities include three-phase power, zoned forced-air heating with a pellet stove, central air conditioning, public water, and private sewer.
Located at 56 Main Street in Harrison Village, the property sits between Long Lake and Crystal Lake, in the business district/downtown area near shopping and within a historic district. Trail access behind the building connects for snowmobilers in winter and lake boaters in summer via direct access, and town boat docks are across the street.
Commercial-grade utilities include three-phase power, zoned forced-air heating with a pellet stove, central air conditioning, public water, and private sewer.
Key Highlights
- Restaurant at 56 Main Street with 125 seats, full bar, and live music
- Four‑season recreation access: direct trail access behind the building and town boat docks across the street
- Extensively renovated in 1996; wood‑frame building with metal roof, hardwood and tile floors, and a granite/block/poured concrete foundation with full walk‑out basement
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.7k | $18.00 |
| − Vacancy | −$13.7k | −$3.06 |
| EGI | $67.0k | $14.94 |
| − OpEx | −$16.8k | −$3.74 |
| NOI | $50.3k | $11.21 |
4,485 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$717.9K
$628.2K – $837.6K
NOI $50,254 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,289 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Restaurant offering 125 seats, a full bar with live music, and wheelchair accessibility, with on-site four-season recreation access.
Where is this conventional restaurant located?
The property is located at 56 Main Street Harrison, ME.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Restaurant at 56 Main Street with 125 seats, full bar, and live music; Four‑season recreation access: direct trail access behind the building and town boat docks across the street; Extensively renovated in 1996; wood‑frame building with metal roof, hardwood and tile floors, and a granite/block/poured concrete foundation with full walk‑out basement
