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Mixed-Use Property with Restaurant
For Sale
$250,000

60 Main Street, Milo, ME 04463

The property combines a restaurant and commercial kitchen with three residential apartments.

Property Size3,200 SF
Price / SF$78.13
Days on Market906

Property Features for 60 Main Street

General Information

Standard status Active
Size 3,200 SF
Property subtype Commercial
Zoning local

Additional Details

Business Included Yes
Equipment Included Yes
Multifamily Units 3
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $840

Building Details

Building Size 3,200 SF
Listing Agency: Realty of Maine
Listed By: Dorothea Perkins
Source: Patryfamilyrealty
Added: May 10, 2024 Changed: Oct 31 Last Checked: Oct 31 at 3:20AM

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 Realty of Maine

Rey
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Investment Insights

Based on property information with market context.

Milo House of Pizza combines a restaurant space and commercial kitchen with three apartments. One residence offers 3–4 bedrooms; the other two apartments may be used for rental housing or employee accommodations, as described for the property.

The current owner is offering training to support the business transition. The property is located at 60 Main Street in Milo, Maine.

Key Highlights

  • Restaurant space with a commercial kitchen
  • Three apartments, including one with 3–4 bedrooms
  • Two additional apartments described for rental or employee housing

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency HVAC Service Auto Parts Store Auto Repair Shop Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

121
Businesses Nearby

Demographics for 04463, ME

2,766
Population
1,950
Households
1.4
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
144.6 sq mi
ZIP Area
19
Density / Sq Mi
$58,693
Median Household Income
$36,188
Median Earnings
$942
Median Rent
$100,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines a restaurant and commercial kitchen with three residential apartments.
Where is this mixed-use property located?
The property is located at 60 Main Street Milo, ME.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Restaurant space with a commercial kitchen; Three apartments, including one with 3–4 bedrooms; Two additional apartments described for rental or employee housing
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