Sanford
$600,000
16 School Street
mls: 1661483
Bathrooms: 0
Year Built: 1973
Sq Footage: 6,921
Lot Size: 0.1
Taxes: $5,335
Status: Active

RARE, TIME-SENSITIVE OPPORTUNITY! Turnkey restaurant and bar opportunity in the heart of Downtown Sanford. This fully equipped, multi-level hospitality property offers approximately 150 seats across three functional levels and is ideal for an owner-user, investor, brewery, sports bar, entertainment venue, or restaurant group looking to capitalize on Sanford's ongoing growth and revitalization.

Listed by: EXP Realty

RARE, TIME-SENSITIVE OPPORTUNITY! Turnkey restaurant and bar opportunity in the heart of Downtown Sanford. This fully equipped, multi-level hospitality property offers approximately 150 seats across three functional levels and is ideal for an owner-user, investor, brewery, sports bar, entertainment venue, or restaurant group looking to capitalize on Sanford's ongoing growth and revitalization. The first floor features a spacious main dining area with approximately 16 tables and a fully equipped commercial kitchen designed for high-volume service. The second level includes a 22-seat horseshoe sports bar with additional seating, six TVs, and an expanded entertainment-focused layout ideal for events, nightlife, and overflow dining. The finished lower level adds significant operational value with two walk-in coolers, a walk-in freezer, prep space, storage, and back-of-house support areas. Extensively renovated in 2019, the property offers updated finishes, improved functionality, and strong existing infrastructure throughout. Sale includes furniture, fixtures, equipment, and full kitchen setup, creating a true plug-and-play opportunity for a buyer looking to reopen quickly or launch a new concept. Additional features include public water and sewer, strong mechanicals, and a large public parking lot conveniently located next door. Located within Sanford's Urban Business zoning district, the property benefits from strong visibility, nearby businesses, increasing foot traffic, and substantial public and private investment in the surrounding area. Nearby redevelopment projects, new housing initiatives, and over $5M in EPA Brownfields funding continue to support long-term economic growth and demand in Downtown Sanford. Rare opportunity to acquire a large-scale hospitality property in one of Southern Maine's evolving downtown markets.

Listed by: EXP Realty

Accessibility Features
Accessible Approach with Ramp
Appliances
Architectural Style
Basement
Finished, Full
Bathrooms Total Integer
0
Body Type
Building Area Total
6921.00
Construction Materials
Masonry, Brick
Cooling
Heat Pump
Cooling Yes/No
1
Electric
Circuit Breakers
Exterior Features
Flooring
Carpet, Concrete, Tile, Vinyl, Other
Foundation Details
Poured Concrete
Green Energy Efficient
Heating
Electric, Oil, Heat Pump, Hot Water
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Downtown, Near Shopping
Lot Size Acres
0.1000
Other Equipment
Other Structures
Parking Features
Other Parking, On Street, Off Street
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Flat, Membrane
Sewer
Public Sewer
Tax Annual Amount
5335.00
Utilities
Water Source
Public
Waterfront Features
Nearby
Waterfront Yes/No
1
Year Built
1973
Zoning
Urban Business