16 School ST Sanford, ME 04073
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,921 sqft
Price per Sqft $86
MLS Listing ID 1661483
HOA Y/N No
Year Built 1973
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Retail
Source Maine Listings
Land Area 6921
Property Description
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.
Location
State ME
County York
Zoning Urban Business
Direction From I-95, take Exit 19 for ME-109 toward Sanford/Wells. Follow ME-109/Alfred Road approximately 10 miles into Downtown Sanford. Continue straight onto Main Street, then turn left onto School Street. Property will be on your right at 16 School Street.
Rooms
Basement Finished, Full
Interior
Heating Electric, Oil, Heat Pump, Hot Water
Cooling Heat Pump
Flooring Carpet, Concrete, Tile, Vinyl, Other
Exterior
Parking Features Other Parking, On Street, Off Street
Waterfront Description Nearby
Roof Type Flat,Membrane
Accessibility Accessible Approach with Ramp
Building
Lot Description Downtown, Near Shopping
Story 3
Foundation Poured Concrete
Water Public
Others
Tax ID SANF-000043-K000030
Special Listing Condition Notice Of Default
Nearby Locations
Please Contact Me For More Information.