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Mixed-Use Property with Barbershop
For Sale
$245,000

55 Cony Street, Augusta, ME 04330

Commercially zoned building with residential units, an operating barbershop, and additional unfinished space.

Property Size2,500 SF
Days on Market1062

Property Features for 55 Cony Street

General Information

Standard status Active
Size 2,500 SF
Property subtype Commercial
Zoning commercial

Property Condition

Severity Repairs Needed
Evidence needs updating

Units

Unit Mix 1 x 2BR, 1 x 1BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,433

Building Details

Building Size 2,500 SF
Year Built 1916
Buildings 1
Listing Agency: Rizzo Mattson
Listed By: Brian Rizzo
Source: Startpoint
Added: Sep 26, 2023 Changed: Aug 17 Last Checked: Aug 22 at 12:58PM

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 Rizzo Mattson

Investment Insights

Based on property information with market context.

Built in 1916, this commercially zoned mixed-use building contains three rented units: a two-bedroom residence, a one-bedroom residence, and a barbershop. The property also includes a vacant one-bedroom unit that requires updating and can provide additional residential, storage, laundry, or expanded suite space, subject to applicable approvals.

Building features include a newer, well-maintained natural gas boiler, updated flooring, and substantial storage in a dry basement. The combination of residential occupancy, an operating storefront business, and an additional unfinished unit creates a flexible configuration for an owner-user or investor.

Key Highlights

  • Three rented units include a 2‑bedroom, 1‑bedroom, and barbershop
  • Vacant 1‑bedroom unit requires updating and offers additional configuration options
  • Operating barbershop included in the mixed‑use layout

Property Analytics

Current Use

GTA barbershop Barber Shop Millennium Kutz Barber Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Pet Grooming Service Florist Tanning Salon Storage Facility

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

1,387
Businesses Nearby

Demographics for 04330, ME

26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercially zoned building with residential units, an operating barbershop, and additional unfinished space.
Where is this mixed-use property located?
The property is located at 55 Cony Street Augusta, ME.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Three rented units include a 2‑bedroom, 1‑bedroom, and barbershop; Vacant 1‑bedroom unit requires updating and offers additional configuration options; Operating barbershop included in the mixed‑use layout
More about this property
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