Mixed-Use Property with Wellness
For Sale
$499,900
156 N Main Street, Brewer, ME 04412
Commercial Sale, Brewer, ME
Property Size4,782 SF
Lot Size0.31 Acres
Price / SF$104.54
Days on Market89
Property Features for 156 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB - Conv Business
Interior features
Storage
Basement
Crawl Space, Daylight, Finished, Walk-Out Access
Lot features
Business District, Near Shopping
Standard status
Active
Size
4,782 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7252
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating), Propane (Heating), Electric (Heating), Baseboard, Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Water front features
Stream
Amenities
plunge pool
sauna
retreat/meditation rooms
Building Details
Year built
1900
Flooring type
Plank, Wood, Tile, Carpet
Building materials
Wood Frame, Clapboard
Roof type
Slate, Membrane, Shingle, Flat
Additional Structures
Storage
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Tara Roy
(207) 991-8272
Added: Aug 8
Changed: Nov 1
Last Checked: Nov 4 at 3:06AM
MLS# 1659611
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.
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.
This 4,782-square-foot mixed-use property occupies a 0.31-acre parcel and combines commercial, 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 suited to office, treatment, or other configurations. A spiral stairway connects the studio to a bonus room, while the lower level contains a spa with a deep plunge pool, sauna, and retreat or meditation rooms.
The upper floor contains a separate 2-bedroom, 1-bath apartment, adding a residential element to the layout. The building has 10+ on-site parking spaces and CB - Conv Business zoning. Public water and sewer serve the property, which was built in 1900 and features wood frame and clapboard construction. The Brewer Riverwalk is just steps away, providing access to waterfront and trail areas.
The upper floor contains a separate 2-bedroom, 1-bath apartment, adding a residential element to the layout. The building has 10+ on-site parking spaces and CB - Conv Business zoning. Public water and sewer serve the property, which was built in 1900 and features wood frame and clapboard construction. The Brewer Riverwalk is just steps away, providing access to waterfront and trail areas.
Key Highlights
- 4,782‑square‑foot mixed‑use building on a 0.31‑acre parcel
- CB - Conv Business zoning
- Lower‑level spa with deep plunge pool, sauna, and retreat or meditation rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,307
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,140
$806.1K
Cap Rate 7%
$575,814
$575.8K
Cap Rate 9%
$447,856
$447.9K
Market Conditions
NOI Build-Up for 4,782 SF
Gross rent
$77.5K $16.20/SF
− Vacancy
−$4.2K −$0.87/SF
EGI
$73.3K $15.33/SF
− OpEx
−$33.0K −$6.90/SF
NOI
$40.3K $8.43/SF
Area
Penobscot County, ME
Vacancy
5.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,140
Cap Rate 7%
$575,814
Cap Rate 9%
$447,856
Alternative Uses
Best Use
Apartment 5plus
$575.8K
$503.8K – $671.8K
NOI $40,307 @ 7.0% cap · market cap 8.06%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial building with a studio, spa infrastructure, apartment, and CB - Conv Business zoning.
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: 4,782‑square‑foot mixed‑use building on a 0.31‑acre parcel; CB - Conv Business zoning; Lower‑level spa with deep plunge pool, sauna, and retreat or meditation rooms
