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    4 Bridge Street Cornish, ME 04020

    View on Map
    For Sale
    $339,000

    COMMERCIAL - Cornish, ME

    Property size:
    1,316 SF
    Lot size:
    0.10 Acres
    Added:
    Dec 14, 2025
    Days on Market:
    108
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 4 Bridge Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    VC/HD
    Rooms
    Basement
    Basement
    Walk-Out Access, Unfinished, Full
    Standard status
    Active
    Size
    1,316 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    1913

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Hot Water(Heating), Baseboard
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1870
    Flooring type
    Tile, Wood
    Building materials
    Shingle Siding, Clapboard, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Sheila Fay

    Listing agent Sheila Fay

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date Dec 14, 2025

    MLS# 1646539

    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

    Historic Cornish Village Mixed-Use Property

    This historic 1870s New England style home is located in the heart of Cornish Village. The property is well-suited for a residence with an on-site retail store, studio, or office. The first floor features a rustic kitchen, a full bathroom, a comfortable sitting room, and a heated 500-square foot porch. The porch is suitable for redesigning to suit business needs. The second floor offers three additional rooms and another full bathroom, providing ample space for bedrooms, offices or creative use. The property is being sold as is and requires interior and exterior repairs, making it an excellent opportunity for restoration and customization. The lot size is 0.1 acres. The property size is 1316 square feet. The zoning is VC/HD. With vision and care, this property could become a distinctive home based business or investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cornish
    County
    York
    State
    Maine
    Longitude
    -70.8011782
    Latitude
    43.8052016

    Nearby Similar for Sale

    • $475,000
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      Historic Commercial Building on Main

      Charming 1800s building with established tenants on Main Street.
      20 Main Street, Cornish, ME 04020
      View Details
    • $383,000
      2,350 SF

      Two-Family Residence with Commercial Zoning

      Charming 1890 two-family residence with commercial zoning in Cornish, Maine.
      96 Maple Street, Cornish, ME 04020
      View Details
    • $1,176,471
      10,053 SF

      Walgreens NN Asset For Sale

      10,053 SF Walgreens NN asset with below market rent.
      151 Maple St, Cornish, ME
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Charming 1870s New Englander, ideal for live/work opportunity.
    Where is this mixed-use property located?
    The property is located at 4 Bridge Street Cornish, ME.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: Historic 1870s New Englander in the heart of Cornish Village.; Ideal for a residence with on‑site retail store, studio, or office.; **500‑square foot heated porch suitable for business redesign.**
    (207) 329-3728
    We can help!
    Listing Contact
    Sheila Fay
    Learn More
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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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