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Restaurant PRICE REDUCTION with 7% Cap 2477 Bristol Rd 2,363 SF Retail Building New Harbor, ME 04554 $2,392,768 CAD ($1,012.60 CAD/SF) 7% Cap Rate
Matterport 3D Tour
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.
EXECUTIVE SUMMARY
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.
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.
MATTERPORT 3D TOUR
Restaurant Virtual Tour
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,363 SF
Building Class
B
Year Built/Renovated
2018/2024
Price
$2,392,768 CAD
Price Per SF
$1,012.60 CAD
Cap Rate
7%
NOI
$167,424 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.10 AC
AMENITIES
- Restaurant
- Wheelchair Accessible
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
600
1,861
3,907
2,465
2029 Population
699
2,158
4,455
2,768
2024-2029 Projected Population Growth
16.5%
16.0%
14.0%
12.3%
Median Age
62.5
61.7
59.0
57.4
College Degree + Higher
40%
41%
44%
20%
Daytime Employees
205
646
1,277
1,801
Total Businesses
25
103
173
316
Average Household Income
$121,747
$119,534
$111,256
$107,028
Median Household Income
$75,962
$75,744
$74,527
$77,817
Total Consumer Spending
$10.2M
$31.1M
$62M
$37.2M
2024 Households
306
935
1,872
1,142
Average Home Value
$587,443
$583,521
$573,774
$520,467
$ values in USD
NEARBY AMENITIES
RETAIL |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 2 min walk |
SALE ADVISOR
SALE ADVISOR
Yagiro Lara, Managing Member
Yagiro Lara is the Managing Member at Aster Ventures LLC, based in Miami Beach, Florida. With a strong focus on real estate investment and development, he oversees the firm’s strategic direction, acquisitions, and project management. His work emphasizes value creation through thoughtful execution and market insight across markets.
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Aster Ventures LLC
Restaurant PRICE REDUCTION with 7% Cap | 2477 Bristol Rd
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