Restaurant with Full
For Sale
$679,000
56 Main Street, Harrison, ME 04040
Commercial Sale, Harrison, ME
Property Size4,485 SF
Lot Size2.58 Acres
Price / SF$151.39
Days on Market77
Property Features for 56 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Res & Lim. comm
Rooms
Basement
Parking features
Offsite
Interior features
Storage
Basement
Walk-Out Access, Full
Accessibility
Accessible Approach with Ramp
Lot features
Downtown, Business District, Historic District, Near Shopping
Standard status
Active
Size
4,485 SF
Lot size
2.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6650
Utilities
Sewer type
Private Sewer
Heating system
Zoned, Forced Air, Propane (Heating), Pellet Stove
Cooling system
Central Air
Water source
Public
Amenities
full bar
live music
cozy fireplace lounge
direct trail access
town boat docks
wheelchair accessibility
Building Details
Flooring type
Tile, Wood
Building materials
Wood Frame, Wood Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Oberg Insurance & Real Estate Agency, Inc.
(207) 647-5551
Listed By:
Jaime Rolfe
(207) 228-4903
Added: Jul 7
Changed: Sep 12
Last Checked: Sep 21 at 11:06AM
MLS# 1660395
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.
Investment Insights
Based on property information with market context.
This 4,485-square-foot restaurant occupies a 2.58-acre property at 56 Main Street in Harrison Village. The wood-frame building includes seating for 125, a full bar, live-music area, fireplace lounge, storage, and a full walk-out basement. Renovations were completed in 1996, with wood and tile flooring, a metal roof, and a granite, block, and poured-concrete foundation.
The property is positioned between Long Lake and Crystal Lake, with town boat docks across the street and direct snowmobile-trail access behind the building. Building systems include three-phase power, zoned forced-air heating, a pellet stove, central air conditioning, public water, and private sewer. The restaurant is fully wheelchair accessible and is zoned Res & Lim. comm.
The property is positioned between Long Lake and Crystal Lake, with town boat docks across the street and direct snowmobile-trail access behind the building. Building systems include three-phase power, zoned forced-air heating, a pellet stove, central air conditioning, public water, and private sewer. The restaurant is fully wheelchair accessible and is zoned Res & Lim. comm.
Key Highlights
- 4,485‑square‑foot restaurant on 2.58 acres at 56 Main Street, Harrison, ME 04040
- Seating for 125 with full bar, live music, and fireplace lounge
- Between Long Lake and Crystal Lake with town boat docks across the street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,254
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,005,080
$1.0M
Cap Rate 7%
$717,914
$717.9K
Cap Rate 9%
$558,378
$558.4K
Market Conditions
NOI Build-Up for 4,485 SF
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.
Gross rent
$80.7K $18.00/SF
− Vacancy
−$13.7K −$3.06/SF
EGI
$67.0K $14.94/SF
− OpEx
−$16.8K −$3.74/SF
NOI
$50.3K $11.21/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,005,080
Cap Rate 7%
$717,914
Cap Rate 9%
$558,378
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04040, ME
2,853
Population
2,128
Households
1.3
Avg Household Size
52
Median Age
32%
College-Educated
94%
High-School Grad
62.0 sq mi
ZIP Area
46
Density / Sq Mi
$58,267
Median Household Income
$40,176
Median Earnings
$795
Median Rent
$243,600
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated village restaurant with a bar, fireplace lounge, accessible entry, and four-season recreational 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: 4,485‑square‑foot restaurant on 2.58 acres at 56 Main Street, Harrison, ME 04040; Seating for 125 with full bar, live music, and fireplace lounge; Between Long Lake and Crystal Lake with town boat docks across the street
