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    4 Colonial Way Machias, ME 04654

    New
    For Sale
    $1,000,000

    COMMERCIAL - Machias, ME

    Property size:
    13,226 SF
    Lot size:
    0.39 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 11 at 4:06 pm

    Property Features for 4 Colonial Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    commercial
    Rooms
    Basement
    Basement
    Unfinished, Partial
    Size
    13,226 SF
    Lot size
    0.39 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Zoned, Baseboard, Forced Air
    Water source
    Public

    Building Details

    Year built
    1928
    Number of units
    10
    Flooring type
    Wood, Tile, Carpet
    Building materials
    Wood Siding, Asbestos, Wood Frame

    RE/MAX Hills and Harbors Realty (207) 664-0434 [email protected]

    Listing agent Karen Eldridge (207) 255-8133

    Listing date Dec 11, 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

    Riverfront Commercial and Residential Building

    This meticulously maintained three-story mixed-use building offers a unique business opportunity in the riverfront historical town of Machias, Maine. Situated in the central walking riverfront and Bad Little Falls Park area, the building is located in the main street and business district, close to concerts, events, shopping, restaurants, and banking. The 13,226 square foot building features striking architecture visible from most in-town locations. It houses six street-entry-level commercial spaces and four apartments, including two one-bedroom units and two two-bedroom units. The property reports 100% occupancy and profitability. This commercial and residential building dominates the central walking riverfront and Bad Little Falls Park area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northwestern Mutual Financial Planner Wooleez of Maine Yarn Store New Leaf Counseling ... Family Counselor New Leaf Counseling ... Family Counselor The French Cellar Wine Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Machias
    County
    Washington
    State
    Maine
    Longitude
    -67.4586102
    Latitude
    44.7142812

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    FAQs

    What type of property is this?
    Mixed-use property - Three-story mixed-use building in historic Machias, Maine with high occupancy.
    Where is this mixed-use property located?
    The property is located at 4 Colonial Way Machias, ME.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime riverfront location in the central business district, close to amenities and events.; - Fully occupied and profitable commercial/residential building with 6 commercial spaces and 4 apartments.; - **Substantial building size (13,226 sq. ft.) offering significant income potential.**
    (207) 255-8133
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    4 Colonial Way Machias, ME 04654
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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
    4 Colonial Way Machias, ME 04654
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