Mixed-Use Building with Commercial
For Sale
$599,000
673 Main Road N, Hampden, ME 04444
Two residential units complement the building’s commercial area, with tenants in place throughout.
Property Size4,952 SF
Price / SF$120.96
Days on Market570
Property Features for 673 Main Road N
General Information
Standard status
Active
Size
4,952 SF
Property subtype
Commercial
Zoning
Commercial/Mixed Use
Occupancy
100%
Additional Details
Gross Income
$68,340
Road Access
Yes
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,734
Building Details
Building Size
4,952 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
NextHome Experience
(207) 573-7400
Listed By:
Timothy Bush
(207) 951-0747
Source:
Patryfamilyrealty
Added: Apr 11, 2025
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 NextHome Experience
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Investment Insights
Based on property information with market context.
Built in 1940, this 4,952-square-foot property combines two residential units with a commercial space. The building is fully occupied, with tenants in place across its mixed-use configuration.
The property is located at 673 Main Road N in Hampden and is zoned Commercial/Mixed Use.
The property is located at 673 Main Road N in Hampden and is zoned Commercial/Mixed Use.
Key Highlights
- Two residential units and one commercial space
- Fully occupied with tenants in place
- 4,952 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,740
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,800
$834.8K
Cap Rate 7%
$596,286
$596.3K
Cap Rate 9%
$463,778
$463.8K
Market Conditions
NOI Build-Up for 4,952 SF
Gross rent
$80.2K $16.20/SF
− Vacancy
−$4.3K −$0.87/SF
EGI
$75.9K $15.33/SF
− OpEx
−$34.2K −$6.90/SF
NOI
$41.7K $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%
$834,800
Cap Rate 7%
$596,286
Cap Rate 9%
$463,778
Alternative Uses
Best Use
Apartment 5plus
$596.3K
$521.8K – $695.7K
NOI $41,740 @ 7.0% cap · market cap 6.97%
Second Best
Mixed Use
$507.0K
$443.6K – $591.5K
NOI $35,487 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,955 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 04444, ME
9,304
Population
3,936
Households
2.4
Avg Household Size
42
Median Age
46%
College-Educated
98%
High-School Grad
69.0 sq mi
ZIP Area
135
Density / Sq Mi
$102,922
Median Household Income
$52,845
Median Earnings
$1,019
Median Rent
$270,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units complement the building’s commercial area, with tenants in place throughout.
Where is this mixed-use property located?
The property is located at 673 Main Road N Hampden, ME.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two residential units and one commercial space; Fully occupied with tenants in place; 4,952 square feet
