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Mixed-Use Building with Medical Office
For Sale
$485,000

128 Middle St, Farmington, ME 04938

Two-level property combines an established medical suite with an upstairs residential apartment.

Property Size3,698 SF
Price / SF$131.15
Days on Market32

Property Features for 128 Middle St

General Information

Standard status Active
Size 3,698 SF
Net Operating Income $34,000

Units

Unit Mix 1 x 4BR/1BA
Multifamily Units 1

Amenities

laundry

Building Details

Year Built 1884
Buildings 1
Tenancy Multi
Listing Agency: Palmer Realty Group
Listed By: Andrew Hufnagel
Source: Aroostookrealestate
Added: Jul 30 Changed: Aug 29 Last Checked: Aug 30 at 6:50PM

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 Palmer Realty Group

Investment Insights

Based on property information with market context.

This 3,698-square-foot mixed-use building, constructed in 1884, pairs a first-floor medical suite with a separate residential unit above. The commercial level includes reception and waiting areas, five exam rooms, a therapy area with hardwood floors and natural light, lab space, administrative and therapist offices, two bathrooms, laundry, and docking stations. A physical therapy practice has occupied the space since 1991.

The second floor contains a four-bedroom, one-bath residence with an open living, dining, and kitchen arrangement and on-site laundry. A private paved driveway leads to a large paved parking lot, with additional on-street parking available. The property is within walking distance of the Downtown Business District, educational facilities, public trails, parks, and the community center across the street.

Key Highlights

  • 3,698‑square‑foot mixed‑use building constructed in 1884
  • First‑floor medical suite with five exam rooms, therapy area, lab, offices, and two bathrooms
  • Physical therapy practice has occupied the commercial space since 1991

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store HVAC Service Storage Facility 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

1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

515
Businesses Nearby

Demographics for 04938, ME

9,592
Population
4,936
Households
1.9
Avg Household Size
40
Median Age
33%
College-Educated
94%
High-School Grad
122.5 sq mi
ZIP Area
78
Density / Sq Mi
$54,281
Median Household Income
$27,500
Median Earnings
$910
Median Rent
$169,300
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines an established medical suite with an upstairs residential apartment.
Where is this mixed-use property located?
The property is located at 128 Middle St Farmington, ME.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 3,698‑square‑foot mixed‑use building constructed in 1884; First‑floor medical suite with five exam rooms, therapy area, lab, offices, and two bathrooms; Physical therapy practice has occupied the commercial space since 1991
More about this property
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