Historic Mixed-Use
For Sale
$749,000
34 York Street, York, ME 03909
Commercial Sale, York, ME
Property Size3,646 SF
Lot Size0.48 Acres
Price / SF$205.43
Days on Market76
Property Features for 34 York Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MDL01
Rooms
Basement
Parking features
Off Street
Interior features
Storage
Basement
Unfinished
Lot features
Business District
Standard status
Active
Size
3,646 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4965
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Kerosene, Baseboard, Oil
Cooling system
Window Unit(s)
Water source
Public
Amenities
art studio
outbuildings
hot tub
outdoor shower
in-law apartment
fireplaces
Building Details
Year built
1900
Flooring type
Wood, Carpet
Building materials
Wood Frame, Clapboard, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
RE/MAX Realty One · RE/MAX International
(207) 363-2497
Listed By:
Robert Coles Jr. · License #BR913240
(207) 604-0577
Added: Jul 9
Changed: Sep 12
Last Checked: Sep 22 at 11:06PM
MLS# 1667717
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.
Located at 34 York Street in York, Maine, this 3,646-square-foot mixed-use property occupies 0.48 acres and combines a wood-framed main residence with clapboard and wood siding. The interior includes four bedrooms, three baths, wood and carpet flooring, storage, exposed beams, wide pine floors, and five working fireplaces. An in-law apartment adds a separate residential component, while an air-conditioned outbuilding is configured as an art studio. Multiple additional outbuildings, a hot tub, and an outdoor shower are also included.
The property is identified under MDL01 zoning and has both public water and public sewer. It previously operated as a café in addition to serving as a residence. York Village surroundings include York Harbor, beaches, village shops, and local dining, all described as nearby. Off-street parking is provided, with window-unit cooling and oil and kerosene heating systems.
The property is identified under MDL01 zoning and has both public water and public sewer. It previously operated as a café in addition to serving as a residence. York Village surroundings include York Harbor, beaches, village shops, and local dining, all described as nearby. Off-street parking is provided, with window-unit cooling and oil and kerosene heating systems.
Key Highlights
- 3,646‑square‑foot mixed‑use property on 0.48 acres
- Four bedrooms, three baths, and five working fireplaces
- In‑law apartment provides an additional residential component
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,283
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$905,660
$905.7K
Cap Rate 7%
$646,900
$646.9K
Cap Rate 9%
$503,144
$503.1K
Market Conditions
NOI Build-Up for 3,646 SF
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.
Gross rent
$78.8K $21.60/SF
− Vacancy
−$6.3K −$1.73/SF
EGI
$72.5K $19.87/SF
− OpEx
−$27.2K −$7.45/SF
NOI
$45.3K $12.42/SF
Area
York County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$905,660
Cap Rate 7%
$646,900
Cap Rate 9%
$503,144
Alternative Uses
Best Use
Mixed Use
$646.9K
$566.0K – $754.7K
NOI $45,283 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,903 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 03909, ME
10,938
Population
7,101
Households
1.5
Avg Household Size
53
Median Age
50%
College-Educated
98%
High-School Grad
35.2 sq mi
ZIP Area
311
Density / Sq Mi
$108,889
Median Household Income
$55,540
Median Earnings
$1,438
Median Rent
$589,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Wood-framed property with residential features, an art studio outbuilding, and prior café use in a village setting.
Where is this mixed-use property located?
The property is located at 34 York Street York, ME.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 3,646‑square‑foot mixed‑use property on 0.48 acres; Four bedrooms, three baths, and five working fireplaces; In‑law apartment provides an additional residential component
