243 Portland Rd

Bridgton, ME 04009

$500,000
Last Sold Price
—
Beds
—
Baths
4,000 Sq. Ft.
$125 / Sq. Ft.
4,000
Sq. Ft.
$125
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 8/29/24
Closed 8/29/24
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Description

Located along Route 302 in Bridgton, this commercial building is an excellent opportunity for an investor looking for a fully occupied building to add to their portfolio. There are three units, including the 48 seat restaurant on the first floor known as A La Mexicana, a 1-bedroom apartment and a 3-bedroom apartment, bothon the second floor. The building has seen several major updates with the current owners, most notably the septic which was replaced in 2010 and includes a grease trap for the restaurant,...Located along Route 302 in Bridgton, this commercial building is an excellent opportunity for an investor looking for a fully occupied building to add to their portfolio. There are three units, including the 48 seat restaurant on the first floor known as A La Mexicana, a 1-bedroom apartment and a 3-bedroom apartment, bothon the second floor. The building has seen several major updates with the current owners, most notably the septic which was replaced in 2010 and includes a grease trap for the restaurant, and the metal roof installed in 2009. Tenants pay all utilities, landlord pays property taxes and insurance. The restaurant space is very well kept and features a bar and patio area for additional seating. Showings are best on Monday's when restaurant is closed.
  1. Listed by Austin Hale • Badger Peabody & Smith Realty
  2. Listed by Jeana Dewitt • Badger Peabody & Smith Realty

Property Details for 243 Portland Road

Zoning
Commercial Corridor
LISTING CLOSED: 08/29/2024 12:00 AM

Property Details for 243 Portland Road

StatusClosed
MLS #1596333
Days on Market14
Taxes$6,611 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1974
Lot Size1.68 AC / 73,180 SF
CountyCumberland County
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Location

Listing Courtesy of Badger Peabody & Smith Realty

Sold By Badger Peabody & Smith Realty

Add your commute

Building Information for 243 Portland Road

Stories2Residences3Year Built1974Lot Size1.68 AC / 73,180 SF

Payment Calculator

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$3,092 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,541

Property Taxes

$551

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 243 Portland Road

Summary
Location and General Information
  • Zip Code: 4211
  • Directions: From Main Street in Bridgton, follow Rt. 302 East. Property will be on your right, no real estate sign. See A La Mexicana restaurant sign.
  • Town: Bridgton
  • State/Province: ME
  • Zip Code: 04009
  • County: Cumberland
  • Geo Latitude: 44.037107
  • Geo Longitude: -70.70024
  • Tax Lot: 70
  • Source of Water Frontage:Seller: Yes
  • Construction: Wood Frame
Parking
  • Parking Features: On Site, Paved
  • Parking: On Site2, Paved3
Taxes and HOA Information
  • Tax Book Number: 27088
  • Tax Block: A
  • Tax Map Number: 9
  • Tax Year: 2023
  • Parcel Number: BRGT-000009-000070-A000000
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $6,611.00
Property
Heating and Cooling
  • Heat Fuel: Gas Bottled
  • Heat System: Forced Air
Lot Information
  • Lot Size Acres: 1.68
  • Building Area Total: 4000.0
  • Lot Size Area: 1.68
  • Lot Size Units: Acres
  • Lot Size Square Feet: 73180.8
  • Street Number: 243
  • Property Information:Surveyed: Unknown
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Total # Floors: 2.00
Property and Assessments
  • Leased Land: No
  • Property Type: Commercial
  • Property Type Label: Commercial
  • Property Sub-Type: Mixed Use
  • Year Built: 1974
Utilities
  • Other Equipment: Cable
  • Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding, Wood Frame
  • Roof: Metal
Interior Features
  • Basement: Slab2
  • Cooling: Other
  • Heating: Forced Air
  • Foundation Details: Slab
  • # Floors: 2
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
  • Cooling YN: Yes
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $45,600.00
  • Operating Expenses: $12,111.00
Multi-Family Information
  • Number of Units: 3

Property History for 243 Portland Road

DateEvent & SourcePriceAppreciation
Aug 29, 2024

Sold

Maine Listings #1596333

$500,000—
Aug 23, 2024

Sold (Public Record)

Public Record #1539985283

$500,000—
Jul 24, 2024

Pending

Maine Listings #1596333

—
DateEvent & SourcePrice
08/29/2024

Sold

Maine Listings #1596333

$500,000
08/23/2024

Sold (Public Record)

Public Record #1539985283

$500,000
07/24/2024

Pending

Maine Listings #1596333

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 243 Portland Road

Taxable ValueLand$273,212Additions$687,279Total$960,491
Tax Record2025$7,924 ($660 / month)
Home Facts
Beds0Lot Size73,181 SqFtStyleSingle Family ResidenceCountyCUMBERLANDAPNBRGT M:009 L:070 S:A

Schools near 243 Portland Road

This home is within Regional School Unit 61 Msad 61.
Rating
School
Type
Grades
Distance
Stevens Brook School
Public - PK to 5
Lake Region Middle School
Public - 6 to 8
Lake Region High School
Public - 9 to 12
Crooked River Elementary
Public - 3 to 5
Rating
School
Distance
Stevens Brook School
PublicPK to 5

Lake Region Middle School
Public6 to 8

Lake Region High School
Public9 to 12

Crooked River Elementary
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
236 Portland Road, Unit 236B, Bridgton, ME 04009
$199,900
2
850
–
249 Portland Road, Bridgton, ME 04009
$88,000
–
–
–
18,731
237 Portland Road, Bridgton, ME 04009
–
–
–
–
73,181
250 Portland Road, Bridgton, ME 04009
$106,000
3
1,260
12,196
251 Portland Road, Bridgton, ME 04009
–
–
–
–
130,680

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Badger Peabody & Smith Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.