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Mixed-Use Property with Storefront
For Sale
$400,000

161-163 Main Street, Hope, ME 04847

A ground-floor store is paired with an upstairs apartment requiring renovation.

Property Size5,924 SF
Price / SF$67.52
Days on Market656

Property Features for 161-163 Main Street

General Information

Standard status Active
Size 5,924 SF
Property subtype Commercial
Zoning Rural Residential

Additional Details

Business Included Yes
Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $6,355

Building Details

Building Size 5,924 SF
Year Built 1900
Stories 3
Listing Agency: Cates Real Estate
Listed By: Susan Trenholm
Source: Amerorealty
Added: Jan 14, 2025 Changed: Oct 31 Last Checked: Oct 31 at 2:32PM

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 Cates Real Estate

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 5,924-square-foot mixed-use property combines a retail store with an upstairs apartment. The apartment requires renovation, and the building dates to 1900. Rural Residential zoning applies to the property.

Located at 161-163 Main Street in Hope, the property sits along Route 17. Rockport and Rockland are described as being within minutes of the site.

Key Highlights

  • 5,924‑square‑foot mixed‑use property with a store and upstairs apartment
  • Upstairs apartment requires renovation
  • Built in 1900

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Plumbing Service Grocery & Convenience Store Kitchen & Bath Showroom Hair Salon Auto Repair Shop Nail Salon

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 04847, ME

1,698
Population
842
Households
2
Avg Household Size
47
Median Age
43%
College-Educated
97%
High-School Grad
22.0 sq mi
ZIP Area
77
Density / Sq Mi
$83,462
Median Household Income
$43,250
Median Earnings
$1,122
Median Rent
$301,500
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A ground-floor store is paired with an upstairs apartment requiring renovation.
Where is this mixed-use property located?
The property is located at 161-163 Main Street Hope, ME.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 5,924‑square‑foot mixed‑use property with a store and upstairs apartment; Upstairs apartment requires renovation; Built in 1900
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