Current Use by Public Records
- Commercial real estate
Property Details for 127 State Rte
- Year built
- 1940
- Lot size
- 3.06 lot acres
- Property type
- Commercial real estate
Description
This exceptional coastal commercial property in Bristol, ME, presents a unique investment opportunity. The 7,084 square foot complex includes a thriving restaurant with over 300 indoor and outdoor seats, a lively bar area featuring weekly live bands, and a substantial income stream. A significant asset is the 13,000 square foot commercial wharf (per town records), facilitating both retail lobster sales and wholesale operations. The wharf also leases space to a well-established tour boat company offering excursions to Monhegan Island and other destinations. Two additional buildings house a lobster pound, bait shed, and office space. A year-round residence with waterfront views is included, offering potential for dock replacement. Ample parking is available, with one designated area generating considerable rental income. This property boasts a highly desirable location, having served as a filming location for portions of the movie "Message in a Bottle." Detailed financial information will be provided to qualified buyers upon execution of a Non-Disclosure Agreement. The 3.06-acre lot offers significant expansion potential. This is a turnkey operation with established revenue streams and a strong reputation within the community. All photos were taken after the restaurant's closing.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Lincoln
- State
- Maine
- Longitude
- -69.4897
- Latitude
- 43.8761
