$1,975,000
Point North Restaurant Bristol , Maine
Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,363
Cap Rate 6.08%
NOI $120,000
Tenancy Single
Price per SqFt $836
Broker Co-Op Yes
Class B
Year Built 2018
Year Renovated 2024
Buildings 2
Stories 1
Acreage 2.100
Parking Spaces spaces
Investment Type Owner/User
Sale Condition For sale by owner
Retail | 6.08% CAP | 2,363 SqFt
Marketing description
2477 Bristol Road in New Harbor, Maine, is an exceptional 2,363-square-foot restaurant property that presents a rare, turnkey opportunity for an owner/user or investor. Built in 2018 and positioned north of the Bristol Road and Route 32 intersection, the property sits on 2.2 acres in the heart of Maine's Mid-Coast region. This prime location is only minutes from the oceanfront and surrounded by top regional attractions, such as Pemaquid Point Lighthouse, Pemaquid Beach Park, and the Colonial Pemaquid State Historic Site.
The restaurant features a brand-new, never-used commercial kitchen, hand-crafted interior millwork by a master carpenter, and indoor and outdoor seating for over 125 guests. A large outdoor patio with a bandstand and a potential outdoor bar creates ideal conditions for seasonal events, community gatherings, and private functions. The site also includes a 3,000-square-foot barn with running water and electricity, perfect for catering operations, storage, or conversion into staff housing or an owner's residence.
Designed as a popular destination for locals and tourists alike, the restaurant has strong potential to generate projected annual sales exceeding $2 million. The property is offered below the estimated value, including all real estate, HVAC, landscaping, high-end finishes, furniture, fixtures, equipment, and more.
Additional highlights include plentiful on-site parking, low real estate taxes and utilities, and excellent visibility near the New Harbor Ferry parking lot. 2477 Bristol Road benefits from steady year-round demand and peak seasonal traffic between May and October, located just eight minutes south of Bristol and seven minutes north of the iconic Pemaquid Point Lighthouse
Set in an affluent area with average household incomes exceeding $121,700 within a 1-mile radius, this is an outstanding opportunity for a seasoned restaurateur, family business, or a new operator looking to make a mark in one of Maine's most charming coastal communities.
Investment highlights
- 2477 Bristol Road presents a turnkey restaurant opportunity with a brand-new commercial kitchen and seating for 125 in scenic Mid-Coast Maine.
- Includes ample parking, beautiful landscaping, and a 3,000-SF barn with utilities, ideal for a catering, storage space, or staff housing conversion.
- Projected annual sales of over $2M and priced below market, which includes real estate, build-out, deck, furniture, fixtures, equipment, and more.
- Built in 2018 and set on 2.2 acres near the ocean, this freestanding 2,363-SF restaurant offers year-round operation and seasonal event potential.
- Prime location near Pemaquid Point Lighthouse, public beach parks, and the New Harbor Ferry, with strong tourist traffic from May through October.
- Surrounded by an affluent community with household incomes averaging over $121,700 within 1 mile, offering strong local support from residents.
- Building FAR 0.03
- Restaurant
- Wheelchair Accessible
- Air Conditioning
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
6.08%
Cap Rate
6.08%
ROI
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