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    20 Main Street Patten, ME 04765

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    Claim this Listing
    For Sale
    $264,900

    COMMERCIAL - Patten, ME

    Type:Retail
    Property size:
    4,000 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $66/SF
    Added:
    Jan 15, 2026
    Days on Market:
    97
    Last Refresh:
    Apr 22 at 7:06 am

    Property Features for 20 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Business
    Rooms
    Basement
    Interior features
    Storage
    Basement
    Unfinished, Dirt Floor
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    2624

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Zoned
    Water source
    Public

    Building Details

    Year built
    1880
    Flooring type
    Laminate, Wood
    Building materials
    Vinyl Siding, Asbestos, Wood Frame
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Andrew Mooers

    Listing agent Andrew Mooers

    Listing office Mooers Realty 69 North Street, Houlton, ME

    Listing date Jan 15, 2026

    MLS# 1596756

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Mixed-Use Commercial Property

    This mixed-use property, zoned for business, comprises two buildings integrated into a single commercial outlet. It has historically operated as a drug store serving Patten, Maine, and the Northern Penobscot County area since 1897. The commercial space offers nearly 4000 square feet, with approximately 2000 square feet dedicated to a storefront business area. Additionally, the property includes two rented apartments, each with two bedrooms and approximately 1000 square feet. The property is situated on 0.23 acres. Located on Route 11, the property benefits from exposure to slower-moving traffic, contributing to a steady customer base. The area is recognized as a gateway to the North Maine Woods, the North Entrance to Baxter State Park, and Mt. Katahdin, attracting visitors for hunting, fishing, snowmobiling, and ATV trail riding. The property offers ample parking. This commercial property is located in Patten, Penobscot County, ME 04765.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Auto Parts Store Kitchen & Bath Showroom Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Patten
    County
    Penobscot
    State
    Maine
    Longitude
    -68.4475177
    Latitude
    45.996703

    Nearby Similar for Sale

    • $349,000
      1,956 SF

      Established Commercial Opportunity in Patten, ME

      Long-standing business with dedicated customer base near Aroostook Scenic Highway.
      2 Founders Street, Patten, ME 04765
      View Details
    • $299,500
      4,000 SF

      Renovated Commercial Outlet with Apartments

      Commercial storefront with two apartments in Patten, Maine.
      20 Main Street, Patten, ME 04765
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential income.
    Where is this mixed-use property located?
    The property is located at 20 Main Street Patten, ME.
    What is the asking price?
    The asking price for this property is $264,900.
    What are key features of this property?
    This property features: established commercial location operating as a drug store since 1897; nearly 4000 sq ft commercial space with 2000 sq ft storefront ready for business; two rented 2‑bedroom apartments (approx. 1000 sq ft each) with quality, respectful, paying tenants
    (207) 532-6573
    We can help!
    Listing Contact
    Andrew Mooers
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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