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    Mansard-Style Mixed-Use Property Title is generated by Realmo AI

    156 N Main Street, Brewer, ME 04412

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    For Sale
    $575,000

    MULTI_FAMILY - Other - Brewer, ME

    Property size:
    4,782 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $120/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 156 N Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    CB - Conv Business
    Bathrooms
    1
    Rooms
    Bathroom 1
    Interior features
    Other Amenities, Walk-in Closets, 1st Floor Bedroom, Shower, Storage
    Basement
    Crawl Space, Walk-Out Access, Daylight, Finished
    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), Heat Pump (Heating), Baseboard, Electric (Heating), Propane (Heating)
    Cooling system
    Heat Pump
    Water source
    Public
    Water front features
    Stream

    Building Details

    Year built
    1900
    Number of units
    2
    Flooring type
    Wood, Carpet, Plank, Tile
    Building materials
    Wood Frame, Clapboard
    Roof type
    Membrane, Slate, Shingle, Flat
    Architectural style
    Other
    Additional Structures
    Other, Storage

    We can help!

    Listing Contact
    Tara Roy

    Listing agent Tara Roy

    Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME

    Listing date Jun 3, 2026

    MLS# 1659609 Listing URL

    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.

    HighLights

    • Mansard‑style property built in 1900 with flat/membrane/shingle/slate roofing materials
    • Lower level includes spa amenities: deep plunge pool, sauna, and several retreat/meditation rooms
    • Main level features an expansive studio space plus a spiral staircase to a bonus room suitable for a sound booth
    • Includes a chef’s kitchen, massive dining area, and 3 guest/client bathrooms with 3 additional rooms for offices/treatment or conversion
    • Upstairs has a separate 2‑bedroom, 1‑bath apartment previously operated as an Airbnb
    • Utilities include public water and public sewer; heating options include propane, electric, and heat pump; cooling includes a heat pump; 10+ on‑site parking spaces

    Overview

    This mansard-style mixed-use property was most recently configured as a specialty wellness practice, with a standout expansive studio designed for group use. The main level also features a chef’s kitchen and a large dining area, along with three guest/client bathrooms and three additional rooms that could serve office, treatment, or other flexible purposes. A spiral staircase connects the studio area to a bonus room suited for a sound booth or similar workspace.

    The lower level adds spa-focused improvements, including a deep plunge pool, sauna, and multiple retreat or meditation rooms. The property is located in CB – Conv Business zoning. On-site parking includes 10+ spaces, and the Brewer Riverwalk is described as being steps away.

    The combination of a dedicated studio, spa amenities, and an upstairs residential unit supports a range of owner-operator or conversion scenarios. Upstairs includes a 2-bedroom, 1-bath apartment, previously operated as an Airbnb, providing an additional living space that may be used for owner occupancy or rental/extended-stay guests. With its flexible interiors and existing wellness-oriented improvements, the building can also be evaluated for alternative uses that align with its convenience business zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sonic Healing Theatre Music Venue Somatic Training Network, ... Resort

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brewer
    County
    Penobscot
    State
    Maine
    Longitude
    -68.763885
    Latitude
    44.796276

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    FAQs

    What type of property is this?
    Mixed-use property - Mansard-style building with a large studio, spa amenities, and an upstairs 2-bedroom apartment, supported by on-site parking.
    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 $575,000.
    What are key features of this property?
    This property features: Mansard‑style property built in 1900 with flat/membrane/shingle/slate roofing materials; Lower level includes spa amenities: deep plunge pool, sauna, and several retreat/meditation rooms; Main level features an expansive studio space plus a spiral staircase to a bonus room suitable for a sound booth
    (207) 991-8272
    We can help!
    Listing Contact
    Tara Roy
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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