Standalone Brick Building with
For Sale
Contact for pricing
14 School Street, Gorham, ME 04038
Turnkey brick building in downtown Gorham’s Village Center with dedicated off-street parking and flexible GVC zoning.
Property Size2,632 SF
Lot Size0.16 Acres
Price / SF$448.33
Days on Market62
Property Features for 14 School Street
General Information
Standard status
Active
Size
2,632 SF
Lot size
0.16 Acres
Property subtype
Retail, Multifamily
Zoning
GVC
Additional Details
Business Included
Yes
Building Details
Year Built
1805
Listing Agency:
A Team Realty
Listed By:
Ashley Fearon · License #Br924915
Source:
Crexi
Added: Jun 5
Changed: Jul 10
Last Checked: Aug 5 at 11:16AM
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 A Team Realty
Investment Insights
Based on property information with market context.
Built in 1805 and updated for today’s users, this standalone brick commercial building offers 2,632 ± square feet of functional space on a 0.16-acre lot. The property combines historic character with a modern operating layout and includes dedicated off-street parking, a practical amenity for staff and customers.
Located at 14 School Street in the heart of downtown Gorham’s Village Center, the building is positioned for street-level visibility within an active commercial setting. Public remarks note proximity to local dining, major thoroughfares, and the University of Southern Maine campus.
With flexible GVC zoning, the property is suited for a range of owner-user and business applications, including retail, professional office uses, or boutique services. For buyers seeking a turnkey location that can support either direct tenancy or a multi-use operating strategy, this Village Center building provides an established commercial address paired with on-site parking.
Located at 14 School Street in the heart of downtown Gorham’s Village Center, the building is positioned for street-level visibility within an active commercial setting. Public remarks note proximity to local dining, major thoroughfares, and the University of Southern Maine campus.
With flexible GVC zoning, the property is suited for a range of owner-user and business applications, including retail, professional office uses, or boutique services. For buyers seeking a turnkey location that can support either direct tenancy or a multi-use operating strategy, this Village Center building provides an established commercial address paired with on-site parking.
Key Highlights
- Standalone brick commercial building originally built in 1805 in downtown Gorham’s Village Center
- 2,632 ± SF of highly functional space on a 0.16‑acre lot
- Dedicated off‑street parking included
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.5k | $21.84 |
| − Vacancy | −$7.2k | −$2.75 |
| EGI | $50.2k | $19.09 |
| − OpEx | −$12.6k | −$4.77 |
| NOI | $37.7k | $14.32 |
2,632 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$538.3K
$471.0K – $628.0K
NOI $37,680 @ 7.0% cap · market cap 3.19%
Second Best
Retail
$393.2K
$344.1K – $458.8K
NOI $27,525 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$723.4K
$633.0K – $844.0K
NOI $50,639 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 04038, ME
18,336
Population
6,527
Households
2.8
Avg Household Size
39
Median Age
46%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
362
Density / Sq Mi
$110,181
Median Household Income
$53,122
Median Earnings
$1,567
Median Rent
$426,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Turnkey brick building in downtown Gorham’s Village Center with dedicated off-street parking and flexible GVC zoning.
Where is this retail space located?
The property is located at 14 School Street Gorham, ME.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Standalone brick commercial building originally built in 1805 in downtown Gorham’s Village Center; 2,632 ± SF of highly functional space on a 0.16‑acre lot; Dedicated off‑street parking included
