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    134 Main St Newport, ME 04953

    Sponsored
    For Sale
    $750,000

    High-traffic location, 6,566 sq ft, great potential.

    Property size:
    6,566 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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 Features for 134 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,566 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    LUX Beauty Co. Nail Salon Bargain Depot General Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Building Supply Gym & Fitness Accounting Firm Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Penobscot
    State
    Maine
    Longitude
    -69.27599
    Latitude
    44.83543

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, 6,566 sq ft, great potential.
    Where is this commercial real estate located?
    The property is located at 134 Main St Newport, ME.
    What is the asking price?
    The asking price for this property is $750,000.
    (207) 368-4400
    Request Owner's contact information
    134 Main St Newport, ME 04953
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    Newport, ME 04953
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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
    134 Main St Newport, ME 04953
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