2521 Atlantic Hwy Lincolnville, ME 04849
This exceptional 8,400 square foot mixed-use property, situated on a 0.51-acre lot at 2521 Atlantic Highway in Lincolnville, Maine, presents a unique investment opportunity. The property is home to the legendary Lobster Pound Restaurant, a beloved landmark serving the community for nearly a century. Its enviable beachfront location on the only sand beach in the area has established it as a destination for both tourists and locals seeking a quintessential Maine experience. While the building requires extensive renovation to restore it to its former glory as a restaurant, the potential for revitalization is immense. The property's rich history and prime location offer a compelling opportunity for a variety of uses, subject to local code approvals. Imagine the possibilities: re-establish the iconic restaurant, create a unique hospitality venture, or develop a completely new concept that capitalizes on this unparalleled location. The substantial building size and generous lot provide ample space for expansion or adaptation. This is a rare chance to acquire a piece of Maine history and create a thriving business in a highly desirable coastal setting. The asking price is $1,495,000. Don't miss this chance to own a piece of Lincolnville's legacy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.