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Property profile & analytics
OFF-MARKET
Retail space

134 Main St Newport, ME 04953-3262

0.5 ac lot
Individually Owned 14-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US42-0120060
Property summary
AI-generated overview

This exceptional investment opportunity presents a 6,566 square foot commercial building situated on a prominent 0.5-acre corner lot in the heart of Newport, Maine. Boasting over 297 feet of frontage on the busy Main Street/Route 2 and High Street intersection, this property enjoys unparalleled visibility and accessibility. Its strategic location, approximately one mile between two of Maine's highest-traffic I-95 exits, ensures consistent high volume of potential customers. The building currently houses three thriving businesses: a retail store, an office, and a printing company, demonstrating its versatility and established tenant base. Ample off-street parking is available in the large, dedicated lot. Internal features include two full bathrooms and two half bathrooms, along with two separate heating systems to ensure efficient climate control throughout the sizable space. The town of Newport serves as a regional shopping and service hub, making this property ideally positioned to capitalize on the strong local economy and high traffic counts. This is a rare chance to acquire a well-established commercial property with significant growth potential in a thriving Maine community. The asking price is $750,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.5 ac (21,780 SF)
Zoning code B
APN NEPT M:015 L:003
UPID US42-0120060
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • LUX Beauty Co. Nail Salon
  • Bargain Depot Department Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Darrell Tash · 14 yrs held
Darrell Tash
since 2011
1 recorded transaction
2011
Price N/A
Zoning & alternative use
B · Newport, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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