Brick Mixed-Use
New
For Sale
$447,500
15 Railroad Street, Clinton, ME 04927
Commercial Sale, Clinton, ME
Property Size4,000 SF
Lot Size0.50 Acres
Price / SF$111.88
Days on Market4
Property Features for 15 Railroad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Rooms
Basement
Interior features
Storage
Basement
Dirt Floor, Full, Unfinished, Walk-Out Access, Sump Pump
Accessibility
Accessible Approach with Ramp
Lot features
Near Turnpike/ Interstate, Downtown, Business District, Near Shopping
Standard status
Active
Size
4,000 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4469
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1964
Number of units
3
Flooring type
Wood, Linoleum, Heavy duty, Tile
Building materials
Brick
Additional Structures
Storage
Listing Agency:
Whittemore's Real Estate
(207) 474-3303
Listed By:
Amy Noble
(207) 431-4869
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 22 at 1:06AM
MLS# 1684850
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,000-square-foot brick mixed-use property combines a ground-floor United States Post Office with two apartments on the second floor. Each apartment has its own private entrance. A government lease covers the post office for the next ten years, and the apartments provide additional residential rental space. The property was built in 1964 and includes storage space, public water, and public sewer. Heating is oil-fired hot water with baseboard distribution; window units provide cooling.
The 0.5-acre property is in Clinton and is zoned Commercial. An accessible approach ramp serves the building.
The 0.5-acre property is in Clinton and is zoned Commercial. An accessible approach ramp serves the building.
Key Highlights
- 4,000‑square‑foot brick mixed‑use building
- United States Post Office on the ground floor with a government lease for the next ten years
- Two second‑floor apartments, each with a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,966
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,320
$779.3K
Cap Rate 7%
$556,657
$556.7K
Cap Rate 9%
$432,956
$433.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$72.0K $18.00/SF
− Vacancy
−$1.2K −$0.29/SF
EGI
$70.8K $17.71/SF
− OpEx
−$31.9K −$7.97/SF
NOI
$39.0K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,320
Cap Rate 7%
$556,657
Cap Rate 9%
$432,956
Alternative Uses
Best Use
Mixed Use
$589.5K
$515.8K – $687.8K
NOI $41,265 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$556.7K
$487.1K – $649.4K
NOI $38,966 @ 7.0% cap · market cap 8.71%
Theoretical Best
Warehouse
$5.97M
$5.22M – $6.96M
NOI $417,733 @ 7.0% cap · market cap 93.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
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Business Placement
Demographics for 04927, ME
3,370
Population
1,528
Households
2.2
Avg Household Size
44
Median Age
19%
College-Educated
95%
High-School Grad
43.9 sq mi
ZIP Area
77
Density / Sq Mi
$74,544
Median Household Income
$38,289
Median Earnings
$1,122
Median Rent
$172,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor post office is paired with two second-floor apartments, each reached through a private entrance.
Where is this mixed-use property located?
The property is located at 15 Railroad Street Clinton, ME.
What is the asking price?
The asking price for this property is $447,500.
What are key features of this property?
This property features: 4,000‑square‑foot brick mixed‑use building; United States Post Office on the ground floor with a government lease for the next ten years; Two second‑floor apartments, each with a private entrance
