$699,900

For Sale

11 days ago

16 School Street, Sanford, ME

Name: 16 School Street, For Sale in Sanford - eXp Realty
Brand: EXP Realty
SKU: 1661483
Price: 699900 USD

House

MLS® 1661483

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage

Taxes $5,335

Days Active 10

Lot Size

Approx. Age 1973

MLS® Number 1661483

Property Address: 16 School Street, Sanford, ME, 04073

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number1661483

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1973

BasementFinished, Full

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 11, 2026List Date

$699,900List Price

Commute

Commute

Starting Address

Destination Address

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