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    56 Main St Harrison, ME 04040
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    56 Main St, Harrison, ME 04040

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    • Commercial real estate
    • 1,078 SF
    • 2.58 lot acres
    For Sale
    $679,000
    View Listing →
    Turnkey Restaurant and Full Bar For Sale
    $679,000
    4,485 SF

    Turnkey Restaurant and Full Bar

    Full bar, fireplace lounge, and wheelchair accessibility in a renovated 1920s wood-frame building with a walk-out basement.

    56 Main Street, Harrison, ME 04040
    View Listing
    Property ID
    US42-0194516
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 56 Main St

    Lot size
    2.58 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property at 56 Main Street, Harrison, ME, presents a unique investment opportunity. The 1,078 square foot building boasts a rich history as a well-established restaurant, lounge, and bar with a seating capacity of 125 patrons. Its enviable location between Long Lake and Crystal Lake offers unparalleled access to recreational activities and year-round tourism. The property sits on a generous 2.58-acre lot, providing ample space and potential for expansion or outdoor seating. The building underwent extensive renovations in 1996, ensuring a modern and functional interior. Its proximity to busy Long Lake boat traffic and a nearby snowmobile trail guarantees a consistent flow of customers throughout the year. This turnkey business is ideally positioned to capitalize on the vibrant tourism and recreational opportunities in Harrison's picturesque village setting. The asking price is $699,000. This presents a rare chance to acquire a thriving business with significant growth potential in a highly desirable location. The property's established reputation and prime location make it an attractive investment for discerning buyers seeking a profitable venture in Maine's beautiful lake region. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Cumberland
    State
    Maine
    Longitude
    -70.67964
    Latitude
    44.11037

    Comparable in this City

    • $249,000
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      Harrison, ME View Lot

      7.32-acre view lot ready for your dream home.
      12 Vlg Hts, Harrison, ME 04040
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    • $89,900
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      Harrison, ME Residential Land

      1.37 acre residential lot near Long Lake.
      89 Chapman Rd, Harrison, ME 04040
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    • New
      $139,900
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      Waterfront Building Lot with 475 Feet

      Build on a 1.7-acre parcel featuring 475 feet of private Bear River frontage.
      44 Rolfe Rd, Harrison, ME 04040
      View Details
    • New
      $679,000
      4,485 SF

      Turnkey Restaurant and Full Bar

      Full bar, fireplace lounge, and wheelchair accessibility in a renovated 1920s wood-frame building with a walk-out basement.
      56 Main St, Harrison, ME 04040
      View Details
    • $199,000
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      Harrison View Lot For Sale

      5.57-acre view lot near Harrison Village with utilities.
      18 Vlg Hts, Harrison, ME 04040
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    • $579,000
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      Harrison Land with Panoramic Views

      10-acre lot with breathtaking panoramic views in Harrison, Maine.
      Deer Hill Rd, Harrison, ME 04040
      View Details

    Similar Nearby for Sale

    • $199,000
      5.57 Acres

      Harrison View Lot For Sale

      5.57-acre view lot near Harrison Village with utilities.
      18 Vlg Hts, Harrison, ME 04040
      View Details
    • $89,900
      1.37 Acres

      Harrison, ME Residential Land

      1.37 acre residential lot near Long Lake.
      89 Chapman Rd, Harrison, ME 04040
      View Details
    • $249,000
      7.32 Acres

      Harrison, ME View Lot

      7.32-acre view lot ready for your dream home.
      12 Vlg Hts, Harrison, ME 04040
      View Details
    • New
      $139,900
      74,052 SF

      Waterfront Building Lot with 475 Feet

      Build on a 1.7-acre parcel featuring 475 feet of private Bear River frontage.
      44 Rolfe Rd, Harrison, ME 04040
      View Details
    • New
      $679,000
      4,485 SF

      Turnkey Restaurant and Full Bar

      Full bar, fireplace lounge, and wheelchair accessibility in a renovated 1920s wood-frame building with a walk-out basement.
      56 Main St, Harrison, ME 04040
      View Details
    • $579,000
      10.00 Acres

      Harrison Land with Panoramic Views

      10-acre lot with breathtaking panoramic views in Harrison, Maine.
      Deer Hill Rd, Harrison, ME 04040
      View Details
    View Listing
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    Harrison, ME 04040
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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