Mixed-Use Property with Wellness
For Sale
$499,900
156 N Main Street, Brewer, ME 04412
Flexible commercial building with studio, spa amenities, offices, and a separate apartment near the Brewer Riverwalk.
Property Size4,782 SF
Price / SF$104.54
Days on Market169
Property Features for 156 N Main Street
General Information
Standard status
Active
Size
4,782 SF
Property subtype
Multi-family
Amenities
studio space
chef's kitchen
dining room
spa
plunge pool
sauna
retreat/meditation rooms
Building Details
Year Built
1900
Buildings
1
Construction
Mansard-style
Listing Agency:
EXP Realty
Listed By:
Tara Roy
(603) 866-2942
Source:
Profoundrealestate
Added: Apr 21
Changed: Oct 6
Last Checked: Oct 5 at 9:24PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This 4782-square-foot Mansard-style mixed-use property, built in 1900, combines business, wellness, and residential components. The main level includes a large studio, chef’s kitchen, dining room, three guest or client bathrooms, and three additional rooms suitable for offices or treatment areas. A spiral staircase connects the studio to an upper bonus room, while the lower level contains a spa with a deep plunge pool, sauna, and retreat or meditation rooms.
The upper floor features a separate two-bedroom, one-bath apartment that was previously operated as an Airbnb. The building is situated within convenience business zoning and includes 10+ on-site parking spaces. Its location at 156 N Main Street places the property steps from the Brewer Riverwalk, with connections to the waterfront, trails, and surrounding community.
The upper floor features a separate two-bedroom, one-bath apartment that was previously operated as an Airbnb. The building is situated within convenience business zoning and includes 10+ on-site parking spaces. Its location at 156 N Main Street places the property steps from the Brewer Riverwalk, with connections to the waterfront, trails, and surrounding community.
Key Highlights
- 4782 SF Mansard‑style mixed‑use property built in 1900
- Large studio with spiral staircase to an upper bonus room
- Lower‑level spa with deep plunge pool, sauna, and retreat rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,269
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,380
$685.4K
Cap Rate 7%
$489,557
$489.6K
Cap Rate 9%
$380,767
$380.8K
Market Conditions
NOI Build-Up for 4,782 SF
Gross rent
$60.3K $12.60/SF
− Vacancy
−$5.4K −$1.13/SF
EGI
$54.8K $11.47/SF
− OpEx
−$20.6K −$4.30/SF
NOI
$34.3K $7.17/SF
Area
Penobscot County, ME
Vacancy
9.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,380
Cap Rate 7%
$489,557
Cap Rate 9%
$380,767
Alternative Uses
Best Use
Office B
$965.7K
$845.0K – $1.13M
NOI $67,599 @ 7.0% cap · market cap 13.52%
Second Best
Mixed Use
$489.6K
$428.4K – $571.2K
NOI $34,269 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,111 @ 7.0% cap · market cap 21.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,827
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with studio, spa amenities, offices, and a separate apartment near the Brewer Riverwalk.
Where is this mixed-use property located?
The property is located at 156 N Main Street Brewer, ME.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 4782 SF Mansard‑style mixed‑use property built in 1900; Large studio with spiral staircase to an upper bonus room; Lower‑level spa with deep plunge pool, sauna, and retreat rooms
