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    340 Main Rd Passadumkeag, ME 04475

    For Sale
    $329,000

    Residential Multi Family, Other - Passadumkeag, ME

    Lot size:
    1.99 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 340 Main Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Lot size
    1.99 Acres

    Building Details

    Year built
    1984
    Architectural style
    Other

    NextHome, Inc

    Listing agent Chelsea Ireland (207) 573-7400 License #BR925802,PersonLicenseNumber

    Listing date Oct 2, 2025

    MLS# 1639544 Listing URL

    Copyright © 2025 NextHome, 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

    Versatile Multi-Use Property in Maine

    Located in the community of Passadumkeag, this multi-use property at 340 Main Road offers a versatile investment opportunity on a 1.99-acre lot. The property includes two apartments and a large ground-floor space that can be adapted for various uses. The upper level features a 1-bedroom unit and a 3-bedroom apartment with an enclosed porch. Both apartments have a history of solid rental income, making the property suitable for both owner-occupants and investors seeking immediate cash flow. The lower level, previously a general store and lunch counter, is now an open space ready for redevelopment. Subject to approvals, this area could be converted into additional rental units, a workshop, studio space, or a live/work setup. The property offers flexibility and value in a rural setting, suitable for expanding a rental portfolio, starting a small business, or creating a custom living space.
    Location Intelligence

    Current Use by Public Records

    Point Passadumkeag River ... Campground Lazer Mobile Auto ... Auto Body Shop B N'w Variety ... Variety Store

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Passadumkeag
    County
    Penobscot
    State
    Maine
    Longitude
    -68.61775208
    Latitude
    45.18329239

    FAQs

    What type of property is this?
    Mixed-use property - Multi-use property with apartments and adaptable ground-floor space for sale.
    Where is this mixed-use property located?
    The property is located at 340 Main Rd Passadumkeag, ME.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: - Multi-use property with strong income potential from two well-maintained apartments.; - Large, adaptable ground-floor space suitable for various uses (rental units, workshop, studio, live/work).; - Located on 1.99± acres in a rural setting.
    (207) 573-7400
    Request Owner's contact information
    340 Main Rd Passadumkeag, ME 04475
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    Passadumkeag, ME 04475
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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
    340 Main Rd Passadumkeag, ME 04475
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