Mixed-Use Property with Post-and-Beam
1300 Us Route 1, York, ME 03902
For Sale
$1,725,000
A five-bedroom residence, commercial spaces, and a restored barn occupy a multi-building property on the Route 1 corridor.
Property Size8,413 SF
Lot Size1.89 Acres
Price / SF$205.04
Days on Market655
Property Features for 1300 Us Route 1
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Utilities to Site
Mixed-Use Components
Additional Details
Sprinkler System
Patio
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
walk-up attic
full basement
commercial-grade ventilation system
brick patio
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 475-0999
Listed By:
Troy Williams · License ME #066558
(207) 351-8188
Source:
Integrityhomesrealestategroup
Added: Jan 29, 2025
Changed: Nov 11
Last Checked: Nov 13 at 6:33PM
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 Keller Williams Coastal and Lakes & Mountains Realty
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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 8,413-square-foot mixed-use property sits on 1.89 acres and includes a five-bedroom home with two levels of living space, a walk-up attic, and a full basement. Other improvements include a post-and-beam barn, a two-story commercial space connecting the barn and home, a lower-level quilt shop, and the original Cape Neddick Post Office, now occupied by Lorena's Empanadas. The commercial space has multiple large rooms, two bathrooms, a commercial-grade ventilation system, and an adjoining brick patio.
Located along US Route 1 in York, the property is minutes from Cape Neddick Beach, Ogunquit, and York's coastal areas. Site features include five water meters, a sprinkler system, and off-street parking. The property was built in 1880 and is zoned RT 1-5.
Located along US Route 1 in York, the property is minutes from Cape Neddick Beach, Ogunquit, and York's coastal areas. Site features include five water meters, a sprinkler system, and off-street parking. The property was built in 1880 and is zoned RT 1-5.
Key Highlights
- 8,413 square feet on 1.89 acres along US Route 1
- Five‑bedroom home with two floors, walk‑up attic, and full basement
- Post‑and‑beam barn and connecting two‑story commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,489
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,089,780
$2.1M
Cap Rate 7%
$1,492,700
$1.5M
Cap Rate 9%
$1,160,989
$1.2M
Market Conditions
NOI Build-Up for 8,413 SF
Gross rent
$181.7K $21.60/SF
− Vacancy
−$14.5K −$1.73/SF
EGI
$167.2K $19.87/SF
− OpEx
−$62.7K −$7.45/SF
NOI
$104.5K $12.42/SF
Area
York County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,089,780
Cap Rate 7%
$1,492,700
Cap Rate 9%
$1,160,989
Alternative Uses
Best Use
Mixed Use
$1.49M
$1.31M – $1.74M
NOI $104,489 @ 7.0% cap · market cap 6.06%
Second Best
Retail
$1.46M
$1.28M – $1.70M
NOI $102,166 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,682 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 03902, ME
2,362
Population
1,399
Households
1.7
Avg Household Size
53
Median Age
51%
College-Educated
98%
High-School Grad
19.1 sq mi
ZIP Area
124
Density / Sq Mi
$131,538
Median Household Income
$66,722
Median Earnings
$1,883
Median Rent
$527,400
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in York County, ME
Properties on Market for Mixed-use properties in York County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A five-bedroom residence, commercial spaces, and a restored barn occupy a multi-building property on the Route 1 corridor.
Where is this mixed-use property located?
The property is located at 1300 Us Route 1 York, ME.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 8,413 square feet on 1.89 acres along US Route 1; Five‑bedroom home with two floors, walk‑up attic, and full basement; Post‑and‑beam barn and connecting two‑story commercial space
