Downtown Retail
New
For Sale
$250,000
7 Main Street, Bridgton, ME 04009
Commercial Sale, Bridgton, ME
Property Size1,248 SF
Lot Size0.11 Acres
Price / SF$200.32
Days on Market1
Property Features for 7 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DVBD1
Accessibility
Accessible Approach with Ramp
Lot features
Downtown, Near Shopping, Ski Resort
Standard status
Active
Size
1,248 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2042
Utilities
Sewer type
Private Sewer
Heating system
Heat Pump (Heating), Propane (Heating)
Cooling system
Heat Pump
Water source
Public
Water front features
Lake
Water front
1
Building Details
Flooring type
Tile, Concrete
Building materials
Wood Frame, Wood Siding
Roof type
Membrane
Listing Agency:
Oberg Insurance & Real Estate Agency, Inc.
(207) 647-5551
Listed By:
Judith Oberg
(207) 647-5551
Added: Aug 26
Last Checked: Aug 26 at 8:06PM
MLS# 1662706
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 1,248-square-foot retail storefront occupies a 0.11-acre parcel at 7 Main Street in Bridgton. The property has wood-frame construction with wood siding, tile and concrete flooring, a membrane roof, and an accessible approach with ramp. The space was most recently used for a seafood business.
The property is zoned DVBD1 and includes a lake waterfront feature. Building systems include heat-pump heating and cooling with propane heating support. Water is provided through the public system, while wastewater service is via a private sewer. These existing improvements provide a clear physical profile for continued retail use or evaluation of another permitted commercial application.
The property is zoned DVBD1 and includes a lake waterfront feature. Building systems include heat-pump heating and cooling with propane heating support. Water is provided through the public system, while wastewater service is via a private sewer. These existing improvements provide a clear physical profile for continued retail use or evaluation of another permitted commercial application.
Key Highlights
- 1,248 SF retail storefront on a 0.11‑acre parcel
- Zoned DVBD1
- Lake waterfront feature
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
$13,052
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
5.22%
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%
$261,040
$261.0K
Cap Rate 7%
$186,457
$186.5K
Cap Rate 9%
$145,022
$145.0K
Market Conditions
NOI Build-Up for 1,248 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
$22.5K $18.00/SF
− Vacancy
−$3.8K −$3.06/SF
EGI
$18.6K $14.94/SF
− OpEx
−$5.6K −$4.48/SF
NOI
$13.1K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$261,040
Cap Rate 7%
$186,457
Cap Rate 9%
$145,022
Alternative Uses
Best Use
Retail
$186.5K
$163.2K – $217.5K
NOI $13,052 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.0K
$300.1K – $400.2K
NOI $24,011 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
TD Bank
Shops & Services
2,549 visits/mo
0.4 miles
Citgo
Shops & Services
1,898 visits/mo
0.1 miles
KeyBank
Shops & Services
1,249 visits/mo
0.5 miles
Demographics for 04009, ME
5,298
Population
4,580
Households
1.2
Avg Household Size
51
Median Age
32%
College-Educated
93%
High-School Grad
56.5 sq mi
ZIP Area
94
Density / Sq Mi
$86,386
Median Household Income
$48,737
Median Earnings
$1,196
Median Rent
$286,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Warren's Florist — 41 Depot St, Bridgton, ME 04009
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with public water, private sewer, and heat-pump heating and cooling.
Where is this storefront property located?
The property is located at 7 Main Street Bridgton, ME.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,248 SF retail storefront on a 0.11‑acre parcel; Zoned DVBD1; Lake waterfront feature
