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    3 Main St Castine, ME 04421

    For Sale
    $1,495,000

    COMMERCIAL - Castine, ME

    Property size:
    5,000 SF
    Lot size:
    0.10 Acres
    Days on Market:
    87
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 3 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement
    Unfinished, Partial
    Size
    5,000 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Water source
    Public

    Building Details

    Flooring type
    Wood, Vinyl
    Building materials
    Clapboard
    Roof type
    Shingle

    Saltmeadow Properties Inc. (207) 326-9116 [email protected]

    Listing agent Karen Koos (207) 326-9116

    Listing date Sep 10, 2025

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Castine Mixed-Use Investment Opportunity

    Located at 3 Main Street in Castine, Maine, this mixed-use property presents a unique investment opportunity in the heart of the village. Known as the Castine Variety building, this cornerstone of the community has been a gathering place since 1765. The property includes three commercial spaces currently occupied by established businesses, along with four residential units on the upper two floors. Situated on the corner of Main and Water Street, the building benefits from high visibility from the town dock and Main Street, attracting both visiting yachtsmen and tourists. The property offers flexibility for a new owner, with the option of an exclusive owner's unit while generating passive income from the other rental units. The building size is approximately 5000 square feet and the lot size is 0.1 acres. The zoning is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ebee's Sweets Bakery Compass Rose Books Book Store The Breeze & Castine Variety American Restaurant

    Map

    City
    Castine
    County
    Hancock
    State
    Maine
    Longitude
    -68.7967921
    Latitude
    44.3878768

    Nearby Similar for Sale

    • $1,495,000
      5,000 SF

      Castine Village Commercial Gem

      Historic Main Street Investment Opportunity
      3 Main St, Castine, ME 04421
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Iconic mixed-use building in Castine's village center with commercial and residential.
    Where is this mixed-use property located?
    The property is located at 3 Main St Castine, ME.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Historic building in the heart of Castine village, established in 1765.; - Mixed-use property with 3 commercial spaces and 4 residential units.; - Income-generating property with established businesses as tenants.
    (207) 326-9116
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    Realmo Value Estimation

    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.

    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.

    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
    3 Main St Castine, ME 04421
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