Commercial Condo Office
298 York Street York, ME 03909
New
298 York Street, York, ME, 03909
$89,000
For Sale
$89,000
COMMERCIAL - York, ME
Property Size302 SF
Lot Size0.16 Acres
Price / SF$294.70
Days on Market5
Property Features for 298 York Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- YVC-1
- Parking features
- Other, On Street
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 302 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1215
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 2022
- Flooring type
- Plank
- Building materials
- Wood Frame, Fiber Cement
- Roof type
- Shingle
Listing Agency
Coldwell Banker Yorke Realty
(207) 363-4300
529 US Route 1 Suite 101, York, ME
Listed by
Lorilyn Barrett
(207) 337-1515
Added: Jul 13 Checked: Jul 17 at 11:06 am
MLS# 1639587
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.
Investment Insights
Based on property information with market context.
This is a newly constructed commercial condo office suite within a mixed-use building completed in 2022. The space includes a large open-concept office area and an efficiency kitchen with sink, small fridge, upper and lower cabinets, and space for a microwave. Additional features include shared bathroom access, a fire-suppression system, a private in-unit electrical panel, and on-site security. The building also provides full handicap accessibility.
The property is located in York Village at 298 York Street in York, Maine. The listing notes proximity to major road access and a 10-minute drive to the New Hampshire border.
This offering is for one unit; the remarks also mention an additional larger unit available on the same level (see MLS #1639588). Zoning is listed as YVC-1.
The property is located in York Village at 298 York Street in York, Maine. The listing notes proximity to major road access and a 10-minute drive to the New Hampshire border.
This offering is for one unit; the remarks also mention an additional larger unit available on the same level (see MLS #1639588). Zoning is listed as YVC-1.
Key Highlights
- 302 SF York commercial condo unit in newly constructed mixed‑use building completed in 2022
- Large open concept office space with an efficiency kitchen including sink, small fridge, and cabinet storage
- Shared bathroom and fire‑suppression system, plus a private in‑unit electrical panel
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $7.5k | $24.96 |
| − Vacancy | −$942 | −$3.12 |
| EGI | $6.6k | $21.84 |
| − OpEx | −$1.6k | −$5.46 |
| NOI | $4.9k | $16.38 |
302 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$70.7K
$61.8K – $82.5K
NOI $4,947 @ 7.0% cap · market cap 5.56%
Second Best
Healthcare Medical
$58.4K
$51.1K – $68.2K
NOI $4,091 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$95.7K
$83.8K – $111.7K
NOI $6,701 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
York Investment Partners
Financial Advisor
Eyebrows By Eve ...
Medical Clinic
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FAQs
What type of property is this?
Office units - Newer office condo unit with open layout, shared bathroom, and in-unit electrical panel in a mixed-use building.
Where is this office units located?
The property is located at 298 York Street York, ME.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: 302 SF York commercial condo unit in newly constructed mixed‑use building completed in 2022; Large open concept office space with an efficiency kitchen including sink, small fridge, and cabinet storage; Shared bathroom and fire‑suppression system, plus a private in‑unit electrical panel
