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16 School Street, Sanford, ME 04073

$725,000
  • 16 School Street, Sanford, ME 04073 Main Photo

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New to the Market Active
SQUARE FEET6,921 MLS#1661483
STATUSActive PROPERTY TYPECommercial - Business

Property 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.

16 School Street | MLS# 1661483

This commercial property located at 16 School Street, Sanford, ME 04073 is currently listed for sale with an asking price of $725,000. Search Sanford real estate on ktesseo.spragueandcurtis.com today.

Property Features

Property Type: Commercial - Business
Basement: Finished, Full
Basement: Yes
Cooling: Heat Pump
Heating: Electric, Oil, Heat Pump, Hot Water
Lot Size: 0.10 Acres
Roof Type: Flat, Membrane
Taxes: $5,335
Year Built: 1973

Feature Descriptions

Accessibilitiy: Accessible Approach with Ramp
Electric: Circuit Breakers
Exterior: Masonry, Brick
Flooring: Carpet, Concrete, Tile, Vinyl, Other
Foundation: Poured Concrete
Parking: Other Parking, On Street, Off Street
Sewer: Public Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: EXP Realty
Agency Phone: 888-439-8743

Shown By

Agent Name: Kristen Tesseo
Agent Phone: (207) 446-0184
Agency Title: Sprague and Curtis Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/12/2026. The listing information on this page last changed on 05/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 05/12/2026 7:10:20 AM EST) or MREIS (last updated Tue 05/12/2026 2:05:19 AM EST). Real estate listings held by brokerage firms other than Sprague and Curtis Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.



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