Mixed-Use Building with Residential
For Sale
$439,900
58 Main Street, Oakland, ME 04963
Four ground-floor commercial spaces sit below two upper-level apartments, each with its own laundry hookup.
Property Size6,452 SF
Price / SF$68.18
Days on Market879
Property Features for 58 Main Street
General Information
Standard status
Active
Size
6,452 SF
Property subtype
Commercial
Financials
Cap Rate
8.5%
Gross Income
$59,280
Site & Location
Traffic Count
4,800 vehicles/day
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,214
Amenities
laundry hook up
Building Details
Building Size
6,452 SF
Year Built
1890
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Surette Real Estate
(207) 873-5634
Listed By:
Jeffrey Jolicoeur
(207) 649-6893
Source:
Patryfamilyrealty
Added: Jun 6, 2024
Changed: Nov 1
Last Checked: Oct 31 at 3:15AM
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 Surette Real Estate
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Investment Insights
Based on property information with market context.
This 6,452-square-foot mixed-use building combines four commercial spaces on the first floor with two residential units on the second and third floors. One apartment has four bedrooms and two bathrooms; the other has two bedrooms and one bathroom. Both include laundry hookups. The property was built in 1890 and has seen electrical and cosmetic updates over the past three years.
Mechanical improvements include boilers installed in 2019 and heat pumps for the residential units added in 2023. The reported cap rate is 8.5%, and the property has a daily traffic count of 4,800.
Mechanical improvements include boilers installed in 2019 and heat pumps for the residential units added in 2023. The reported cap rate is 8.5%, and the property has a daily traffic count of 4,800.
Key Highlights
- Four commercial spaces occupy the first floor
- Two residential units above: one with 4 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom
- 6,452 square feet; built in 1890
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Residential units
4,800 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
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Business Placement
Demographics for 04963, ME
7,358
Population
4,279
Households
1.7
Avg Household Size
45
Median Age
24%
College-Educated
95%
High-School Grad
51.1 sq mi
ZIP Area
144
Density / Sq Mi
$73,611
Median Household Income
$49,913
Median Earnings
$885
Median Rent
$228,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four ground-floor commercial spaces sit below two upper-level apartments, each with its own laundry hookup.
Where is this mixed-use property located?
The property is located at 58 Main Street Oakland, ME.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Four commercial spaces occupy the first floor; Two residential units above: one with 4 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom; 6,452 square feet; built in 1890
