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    Former Convenience Store and Diner Title is generated by Realmo AI

    358 Main Street, Saint Agatha, ME 04772

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    Claim this Listing
    New
    For Sale
    $199,900

    COMMERCIAL - Saint Agatha, ME

    Property size:
    4,730 SF
    Lot size:
    0.81 Acres
    Price / SF:
    $42/SF
    Added:
    May 30, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 2 at 12:06 am

    Property Features for 358 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Interior features
    Storage
    Basement
    Partial, Full, Finished
    Standard status
    Active
    Size
    4,730 SF
    Lot size
    0.81 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    3198

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil, Zoned, Electric (Heating), Baseboard, Heat Pump (Heating), Hot Water(Heating)
    Cooling system
    Heat Pump
    Water source
    Private

    Building Details

    Building materials
    Wood Frame, Vinyl Siding
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Danielle Forino

    Listing agent Danielle Forino

    Listing office Aroostook Real Estate 267 W Main Street, Fort Kent, ME

    Listing date May 30, 2026

    MLS# 1646096

    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.

    HighLights

    • Prime location on Main St, close to public lake access, ATV/Snowmobile trails, school, park, and fitness center.
    • Spacious 2‑bedroom apartment upstairs provides on‑site living or rental income potential.
    • Equipped commercial space with deli, dining area, coolers, shelving, lobster tank, and butcher station.
    • Large paved parking lot and Quonset building offer ample storage.
    • Dry basement with two sections provides additional storage and potential.
    • Heating system includes oil, electric, heat pump, and hot water options.

    Overview

    This commercial property, formerly a popular convenience store and diner, is now available. The property is situated in close proximity to public lake access, ATV and snowmobile trails, a fitness center, a K-12 public school, and a community park. Located on Main Street, the property offers high visibility and convenient access for those visiting the lake. The commercial space includes a deli, dining area, multiple coolers and shelving units, a lobster tank, and a butcher station. The property also features a spacious 2-bedroom apartment upstairs, providing easy access to the store for an on-site owner or offering potential rental income. A dry basement with two sections provides ample storage space and additional opportunities. The property includes a large paved parking lot and a Quonset for additional storage. The lot size is 0.81 acres. The property size is 4730 square feet. This property presents a great investment opportunity for those looking to expand their portfolio or start their own business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Gym & Fitness Center Department Store Kitchen & Bath Showroom Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Agatha
    County
    Aroostook
    State
    Maine
    Longitude
    -68.3154511
    Latitude
    47.2432154

    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial property with apartment, ideal for owner-operator or investor.
    Where is this grocery and convenience store located?
    The property is located at 358 Main Street Saint Agatha, ME.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Prime location on Main St, close to public lake access, ATV/Snowmobile trails, school, park, and fitness center.; Spacious 2‑bedroom apartment upstairs provides on‑site living or rental income potential.; **Equipped commercial space with deli, dining area, coolers, shelving, lobster tank, and butcher station.**
    (207) 436-5191
    We can help!
    Listing Contact
    Danielle Forino
    Request Owner's contact information
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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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