Live-Work Mixed-Use
1 Fieldstone Estates Road, York, ME 03909
For Sale
$1,795,000
Mixed-use facility with workshop space, shipping access, three-phase power, and finished residential living for owner-users.
Property Size8,400 SF
Price / SF$213.69
Days on Market150
Property Features for 1 Fieldstone Estates Road
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Gosselin Realty Group
Listed By:
Gregory Gosselin
(207) 752-2353
Source:
Greatislandrealty
Added: Jun 11
Changed: Nov 6
Last Checked: Nov 6 at 10:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gosselin Realty Group
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Investment Insights
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Purpose-built in 1998 for combined commercial and residential occupancy, this mixed-use property includes four first-floor workshop/commercial spaces plus a dedicated shipping and receiving bay with oversized garage door access. Infrastructure includes three-phase power, municipal water, central air conditioning, and a buried 500-gallon propane tank. An oversized second-floor loading door with a half-ton chain hoist supports moving equipment and materials between levels. The second-floor framing system was engineered to support approximately 150 pounds per square foot, offering higher-capacity storage and workspace than typical residential standards. The upper levels provide finished residential accommodations with a full kitchen, multiple living areas, 3 bedrooms, 2 full baths, laundry facilities, and flexible office or workspace options. A detached 4-car garage adds additional storage and operational support. Recent capital improvements include a new roof, upgraded HVAC systems, a replacement water heater, renovated bath facilities, and ongoing maintenance.
The property is situated in a highly visible Route 1 location in York, ME, with access designed to support commercial shipping and equipment movement.
For tenants, buyers, and owner-users, the configuration supports a range of light commercial operations such as contractors, artisan production, professional trades, service businesses, creative studios, and light warehousing, while also maintaining separate finished residential living space above. A seller leaseback is planned as the new construction will be completed in Spring 2027.
The property is situated in a highly visible Route 1 location in York, ME, with access designed to support commercial shipping and equipment movement.
For tenants, buyers, and owner-users, the configuration supports a range of light commercial operations such as contractors, artisan production, professional trades, service businesses, creative studios, and light warehousing, while also maintaining separate finished residential living space above. A seller leaseback is planned as the new construction will be completed in Spring 2027.
Key Highlights
- Mixed‑use property built in 1998 with four workshop/commercial spaces plus finished residential areas
- Dedicated shipping and receiving bay with oversized garage door access and overhead doors
- Three‑phase power, municipal water, central air, and a buried 500‑gallon propane tank
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,592
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,751,840
$2.8M
Cap Rate 7%
$1,965,600
$2.0M
Cap Rate 9%
$1,528,800
$1.5M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$209.7K $24.96/SF
− Vacancy
−$26.2K −$3.12/SF
EGI
$183.5K $21.84/SF
− OpEx
−$45.9K −$5.46/SF
NOI
$137.6K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,751,840
Cap Rate 7%
$1,965,600
Cap Rate 9%
$1,528,800
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.29M
NOI $137,592 @ 7.0% cap · market cap 7.67%
Second Best
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,755 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,393 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Mixed-use facility with workshop space, shipping access, three-phase power, and finished residential living for owner-users.
Where is this live-work space located?
The property is located at 1 Fieldstone Estates Road York, ME.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Mixed‑use property built in 1998 with four workshop/commercial spaces plus finished residential areas; Dedicated shipping and receiving bay with oversized garage door access and overhead doors; Three‑phase power, municipal water, central air, and a buried 500‑gallon propane tank
