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A truly rare waterfront development opportunity in the Town of Hampden, offering expansive views of the Penobscot River and exceptional potential for a wide range of high-value uses. Currently operating as a seasonal, turn-key restaurant within a marina setting, this property presents immediate income potential while also serving as a prime canvas for redevelopment or repositioning. With its desirable waterfront location, strong visibility, and flexible zoning (subject to town approvals), this site is especially well-suited for developers and investors seeking to capitalize on the growing demand for unique residential and mixed-use spaces. Potential concepts include townhome or condo development with river views, a boutique waterfront event venue, hospitality or short-term rental conversion, or a signature mixed-use project combining residential, retail, and dining. The marina setting and natural waterfront backdrop create a built-in lifestyle appeal that is increasingly sought after by both buyers and tenants. For those exploring commercial or experiential uses, the property lends itself beautifully to a destination event center, wedding venue, corporate retreat space, or upscale restaurant reimagined to maximize the waterfront experience. The combination of scenery, accessibility, and flexibility makes this a standout opportunity for creating something truly distinctive in the market. Further enhancing the value is an attached two-bedroom, one-bath apartment--ideal for on-site management, staff housing, or supplemental rental income during redevelopment or operations. Whether you're a developer looking for your next waterfront project, an investor seeking a value-add opportunity, or an entrepreneur with a vision for a landmark destination, this property offers the location, versatility, and setting to bring that vision to life. Opportunities like this--where scale, waterfront exposure, and redevelopment potential align--are increasingly rare in today's market.
Property Type(s):
Commercial
| Last Updated | 5/26/2026 | Year Built | 1990 |
|---|---|---|---|
| County | Penobscot |
Additional Details
| LOT | 1 acre(s) |
|---|---|
| LOT DIMENSIONS | 1.0 |
| MLS STATUS | Active |
| PARKING | Paved |
| SEWER | Public Sewer |
| TAXES | 9984 |
| VIEW | Yes |
| VIEW DESCRIPTION | Water |
| WATER | Public |
Listing provided by Tim Dunham Realty, 207-729-7297
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
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IDX data provided by Market Leader, courtesy of Maine Listings.
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