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Turn-Key Restaurant with Apartment
For Sale
$399,900

66 Park Street, Milo, ME 04463

COMMERCIAL - Milo, ME

Property Size4,390 SF
Lot Size0.68 Acres
Price / SF$91.09
Days on Market47

Property Features for 66 Park Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Local
Lot features Near Shopping
Standard status Active
Size 4,390 SF
Lot size 0.68 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4220

Utilities

Sewer type Public Sewer
Heating system Baseboard, Hot Water(Heating), Oil, Pellet Stove
Cooling system Heat Pump
Water source Public

Building Details

Year built 1955
Flooring type Laminate, Vinyl
Building materials Wood Frame, Vinyl Siding
Roof type Shingle, Metal
Listing Agency: Dewitt-Jones Realty
Listed By: Donna Jones
Added: Jul 7 Changed: Aug 4 Last Checked: Aug 22 at 4:06AM
MLS# 1670179

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 well-established, eat-in restaurant is being offered as turn-key for a new owner. The main level includes the restaurant space and is currently open and serving family-style meals. An additional three-bedroom apartment upstairs provides extra living flexibility that can be used as rental housing, staff accommodations, or an owner’s residence.

The property is located at 66 Park Street in Milo, Maine. It sits on a 0.68-acre lot and is positioned near ATV and snowmobile trails, supporting year-round draw from outdoor recreation activity.

For buyers seeking an owner-operator setup, the on-site apartment can help simplify staffing and reduce commuting. It also offers a straightforward option for generating additional income if the upstairs unit is rented. With the restaurant already operating, this property may appeal to buyers ready to take over an existing business while retaining the ability to adapt the upper level to their preferred use.

Key Highlights

  • Year built 1955 with wood frame and vinyl siding
  • Restaurant space on the main level with a 3‑bedroom apartment upstairs
  • Heating includes oil, baseboard, hot water, and a pellet stove

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store HVAC Service Auto Repair Shop Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

119
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Citgo Shops & Services
4,376 visits/mo 0.1 miles
Family Dollar Shops & Services
3,423 visits/mo 0.2 miles
Carquest Auto Parts Shops & Services
766 visits/mo 0.4 miles

Demographics for 04463, ME

2,766
Population
1,950
Households
1.4
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
144.6 sq mi
ZIP Area
19
Density / Sq Mi
$58,693
Median Household Income
$36,188
Median Earnings
$942
Median Rent
$100,000
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating restaurant with an upstairs three-bedroom apartment for flexible on-site housing or rental use.
Where is this conventional restaurant located?
The property is located at 66 Park Street Milo, ME.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Year built 1955 with wood frame and vinyl siding; Restaurant space on the main level with a 3‑bedroom apartment upstairs; Heating includes oil, baseboard, hot water, and a pellet stove
More about this property
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