Mixed-Use Building with
For Sale
$499,900
156 N Main Street, Brewer, ME 04412
Multi-Family, Brewer, ME
Property Size4,782 SF
Lot Size0.31 Acres
Price / SF$104.54
Days on Market43
Property Features for 156 N Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CB - Conv Business
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Other Amenities, Walk-in Closets, 1st Floor Bedroom, Shower, Storage
Basement
Daylight, Walk-Out Access, Finished, Crawl Space
Lot features
Well Landscaped, Intown, Near Shopping
Standard status
Active
Size
4,782 SF
Lot size
0.31 Acres
Additional Details
Property Use
Wellness Practice
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7252
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Baseboard, Hot Water(Heating), Propane (Heating), Other (Heating)
Cooling system
Heat Pump
Water source
Public
Water front features
Stream
Building Details
Year built
1900
Number of units
2
Flooring type
Tile, Wood, Carpet, Plank
Building materials
Wood Frame, Clapboard
Roof type
Slate, Shingle, Flat, Membrane
Architectural style
Other
Additional Structures
Storage, Other
Buildings
1
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Tara Roy
(207) 991-8272
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 27 at 10:06PM
MLS# 1659609
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.
Built in 1900, this 4,782-square-foot mixed-use property occupies a 0.31-acre lot and is zoned CB - Conv Business. The main level includes a large studio, a bonus room reached by spiral staircase, a kitchen and dining room, three bathrooms, and three additional rooms. The lower level has a plunge pool, sauna, and several rooms for retreat or meditation. An upstairs apartment contains two bedrooms and one bathroom.
The property has 10+ on-site parking spaces and sits steps from the Brewer Riverwalk. Public water and sewer serve the building. A stream is also listed among its waterfront features.
The property has 10+ on-site parking spaces and sits steps from the Brewer Riverwalk. Public water and sewer serve the building. A stream is also listed among its waterfront features.
Key Highlights
- 4,782‑square‑foot building on a 0.31‑acre lot
- CB - Conv Business zoning
- Upstairs apartment with 2 bedrooms and 1 bathroom
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,827
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A flexible commercial layout includes wellness amenities, multiple work or treatment rooms, and a separate upstairs apartment.
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 building on a 0.31‑acre lot; CB - Conv Business zoning; Upstairs apartment with 2 bedrooms and 1 bathroom
