20 Main St Patten, ME 04765
For Sale
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This meticulously renovated commercial property at 20 Main Street, Patten, ME, presents a unique investment opportunity. Boasting nearly 4,000 square feet on a 0.23-acre lot, this building seamlessly blends two structures into a single, cohesive unit. Its history as a drug store since 1897 speaks to its enduring appeal and established presence within the Patten community and the broader Northern Penobscot County area. The property includes two separate, rented 2-bedroom apartments, each approximately 1,000 square feet, with reliable, respectful tenants in place, providing a consistent rental income stream. A substantial 2,000 square foot storefront area is ready for immediate occupancy, offering ample space for a variety of retail or commercial ventures. The property benefits from high visibility on Route 11, ensuring steady foot traffic and customer exposure. Its location in Patten, ME, offers access to a loyal customer base in Patten, Shin Pond, Mt. Chase, and surrounding communities. The area is renowned for its outdoor recreation, attracting tourists for hunting, fishing, snowmobiling, ATV riding, and access to Baxter State Park and Mt. Katahdin, further enhancing the property's potential. This is a rare chance to own a piece of Patten's history and capitalize on the thriving local economy and tourism industry. The property is priced at $299,500.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
