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Grocery-Anchored Shopping Center
For Sale
$3,600,000

121 Somerset Avenue, Pittsfield, ME 04967

Hannaford, Subway, Advance Auto, and Dunkin' are among the established tenants.

Property Size68,195 SF
Lot Size12.88 Acres
Price / SF$52.79
Days on Market123

Property Features for 121 Somerset Avenue

General Information

Standard status Active
Size 68,195 SF
Lot size 12.88 Acres
Property subtype Commercial
Zoning Commercial
Occupancy 85%

Site & Location

Anchor Co-Tenants Hannaford, Subway, Advance Auto, Dunkin' Donuts
Highway Access Yes

Additional Details

Tenant in Place Yes

Building Details

Building Size 68,195 SF
Tenancy Multi
Listing Agency: RE/MAX County
Listed By: Leigh Smith · License #ME BR920688
Source: Integrityhomesrealestategroup
Added: Jul 2 Changed: Oct 30 Last Checked: Oct 30 at 2:10AM

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 RE/MAX County

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This shopping center occupies a 12.88-acre parcel and has an 85% occupancy rate. Tenants include Hannaford, Subway, Advance Auto, and Dunkin', providing a mix of grocery, food service, and automotive retail uses. The property is zoned Commercial.

The site is next to the I-95 corridor at 121 Somerset Avenue in Pittsfield, Maine. Its tenant roster includes a grocery anchor and a separate Dunkin' location on the parcel.

Key Highlights

  • 12.88‑acre shopping center parcel
  • 85% occupancy
  • Tenant roster includes Hannaford, Subway, Advance Auto, and Dunkin'

Property Analytics

Current Use

United Insurance Insurance Agency

Suggested Use

Top Pick Building Supply Dental Office HVAC Service Law Firm Electrical Service Auto Parts Store

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

85%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

236
Businesses Nearby
Balanced
Demand for This Use

Demographics for 04967, ME

3,908
Population
1,815
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
93%
High-School Grad
48.2 sq mi
ZIP Area
81
Density / Sq Mi
$55,822
Median Household Income
$37,572
Median Earnings
$879
Median Rent
$145,200
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - Hannaford, Subway, Advance Auto, and Dunkin' are among the established tenants.
Where is this shopping center located?
The property is located at 121 Somerset Avenue Pittsfield, ME.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 12.88‑acre shopping center parcel; 85% occupancy; Tenant roster includes Hannaford, Subway, Advance Auto, and Dunkin'
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Includes: Price & PSF · Cap rate · Location · Zoning

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