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Waterfront Mixed-Use Property
For Sale
$1,300,000

117 Shore Road, Southwest Harbor, ME 04679

Two upper-floor apartments sit above ground-level storage space, with harbor views and a private deck for the top unit.

Property Size4,456 SF
Price / SF$291.74
Days on Market147

Property Features for 117 Shore Road

General Information

Standard status Active
Size 4,456 SF
Property subtype Multi Family Home
Zoning Shoreland, CFMA

Property Condition

Severity Major Repairs Needed
Evidence some heaving and storm damage

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,550

Building Details

Building Size 4,456 SF
Year Built 1940
Buildings 1
Stories 3
Units 2
Listing Agency: Portside Real Estate Group
Listed By: Erica Brooks
Source: Amerorealty
Added: Jun 9 Changed: Oct 31 Last Checked: Oct 31 at 2:19PM

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 Portside Real Estate Group

Rey
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Investment Insights

Based on property information with market context.

At 117 Shore Road, this 4,456-square-foot mixed-use property was built in 1940 and occupies a waterfront position in Manset on Somes Sound. The ground floor contains storage space, while two apartments are located above; both have rental histories and face the harbor. A private deck extends from the uppermost apartment, accessed through sliding glass doors. The lower-level storage area has heaving and storm damage from winter 2024. Zoning is Shoreland, CFMA.

Key Highlights

  • 4,456‑square‑foot mixed‑use property built in 1940
  • Two upper‑level apartments, each with an established rental history
  • Ground‑floor storage space; heaving and storm damage occurred in winter 2024

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Bakery Garden Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

57
Businesses Nearby

Demographics for 04679, ME

1,756
Population
1,428
Households
1.2
Avg Household Size
51
Median Age
34%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
130
Density / Sq Mi
$54,333
Median Household Income
$39,167
Median Earnings
$926
Median Rent
$417,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two upper-floor apartments sit above ground-level storage space, with harbor views and a private deck for the top unit.
Where is this mixed-use property located?
The property is located at 117 Shore Road Southwest Harbor, ME.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,456‑square‑foot mixed‑use property built in 1940; Two upper‑level apartments, each with an established rental history; Ground‑floor storage space; heaving and storm damage occurred in winter 2024
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