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    4 Colonial Way Machias, ME 04654

    Sponsored
    For Sale
    $1,000,000

    Multiple - Machias, ME

    Property size:
    13,226 SF
    Lot size:
    16,988.00 Acres
    Days on Market:
    26
    Last Refresh:
    Jan 6 at 6:06 pm

    Property Features for 4 Colonial Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    Size
    13,226 SF
    Lot size
    16,988.00 Acres

    Utilities

    Heating system
    Baseboard, Forced Air, Hot Water (Heating), Zoned (Heating)

    Building Details

    Year built
    1928
    Flooring type
    Carpet, Tile, Wood
    Roof type
    Flat, Other
    Architectural style
    Other

    Better Homes and Gardens-The Masiello Group (800) 741-1540 [email protected]

    Listing agent Karen Eldridge (207) 255-8133

    Listing date Dec 12, 2025

    MLS# 1646499 Listing URL

    Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 Mixed-Use Building in Machias

    This well-maintained, three-story mixed-use building is located in the central business district of a historical riverfront town. The 13,226 square foot building houses six street-level commercial spaces and four apartments, consisting of two one-bedroom units and two two-bedroom units. The property has maintained 100% occupancy and is currently profitable. Its architecture is visible from many locations within the town. Situated on 0.389 acres, the building is positioned along the riverfront and near Bad Little Falls Park, placing it within walking distance of concerts, events, shopping, restaurants, and banking facilities. The property presents a business opportunity as the town enters a period of growth and restoration. Income and expense details for the apartments and commercial spaces are available to qualified buyers.
    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
    -67.45861
    Latitude
    44.714281

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    FAQs

    What type of property is this?
    Mixed-use property - Three-story commercial building with retail and residential units.
    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 a growing historical town, central to events and amenities.; - 13,226 sq. ft. building with 6 commercial spaces and 4 apartments.; - Proven 100% occupancy and profitable business.
    (207) 255-8133
    Request Owner's contact information
    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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