Two-Building Shopping
149 State Street, Brewer, ME 04412
For Sale
$980,000
A multi-tenant commercial property with natural gas service and a variety of small businesses.
Property Size9,439 SF
Price / SF$103.82
Days on Market347
Property Features for 149 State Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Tenancy
Listing Agency:
CENTURY 21 Queen City Real Estate
(207) 942-4618
Listed By:
Karen Burns
(207) 478-9562
Source:
Integrityhomesrealestategroup
Added: Dec 2, 2025
Changed: Nov 11
Last Checked: Nov 13 at 7:39PM
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 CENTURY 21 Queen City Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The shopping center comprises two commercial buildings with 9,439 square feet of space. A range of small businesses occupies the property, and many business areas have been remodeled. Natural gas service is available.
The property occupies just under 2 acres and includes ample parking. Long-term tenants are in place, and the zoning is Comm.
The property occupies just under 2 acres and includes ample parking. Long-term tenants are in place, and the zoning is Comm.
Key Highlights
- Two commercial buildings with 9,439 square feet
- Just under 2 acres
- Variety of small‑business tenants, including long‑term occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,970
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,579,400
$1.6M
Cap Rate 7%
$1,128,143
$1.1M
Cap Rate 9%
$877,444
$877.4K
Market Conditions
NOI Build-Up for 9,439 SF
Gross rent
$135.9K $14.40/SF
− Vacancy
−$23.1K −$2.45/SF
EGI
$112.8K $11.95/SF
− OpEx
−$33.8K −$3.59/SF
NOI
$79.0K $8.37/SF
Area
Penobscot County, ME
Vacancy
17.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,579,400
Cap Rate 7%
$1,128,143
Cap Rate 9%
$877,444
Alternative Uses
Best Use
Retail
$1.13M
$987.1K – $1.32M
NOI $78,970 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,397 @ 7.0% cap · market cap 21.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Beauty & Spa 18%
Irving Oil
Shops & Services
11,804 visits/mo
0.4 miles
Circle K
Shops & Services
7,874 visits/mo
0.4 miles
Salon Centric
Beauty & Spa
1,738 visits/mo
0.5 miles
Sun Tan City
Beauty & Spa
1,346 visits/mo
0.5 miles
Cosmoprof
Beauty & Spa
1,337 visits/mo
0.5 miles
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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- One Merchants Plaza — 1 Merchants Plaza, Veazie, ME 04401, United States
Frequently Asked Questions
What type of property is this?
Shopping center - A multi-tenant commercial property with natural gas service and a variety of small businesses.
Where is this shopping center located?
The property is located at 149 State Street Brewer, ME.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Two commercial buildings with 9,439 square feet; Just under 2 acres; Variety of small‑business tenants, including long‑term occupants
