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Mixed-Use Property with Cafe
For Sale
$850,000

204 Main Street, Southwest Harbor, ME 04679

A seasonal cafe occupies the ground floor, with a two-bedroom apartment above.

Property Size1,498 SF
Price / SF$567.42
Days on Market899

Property Features for 204 Main Street

General Information

Standard status Active
Size 1,498 SF
Total Parking Spaces 10
Property subtype Commercial
Zoning B

Additional Details

Business Included Yes
Patio Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $2,688

Building Details

Building Size 1,498 SF
Year Built 1930
Year Renovated 2018
Listing Agency: Legacy Properties Sotheby's International Realty
Listed By: Kristi Jacoby
Source: Amerorealty
Added: May 18, 2024 Changed: Oct 31 Last Checked: Oct 31 at 2:36PM

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 Legacy Properties Sotheby's International Realty

Rey
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Investment Insights

Based on property information with market context.

This 1,498-square-foot mixed-use property combines a cafe with a two-bedroom apartment on the upper level. The cafe includes a kitchen that was expanded in 2018, indoor seating and outdoor dining space. The building dates to 1930 and is zoned B.

Located at 204 Main Street in Southwest Harbor, the property has dedicated parking for 10 cars. The cafe currently operates seasonally, from Memorial Day through peak fall foliage. The apartment offers a separate residential component within the building.

Key Highlights

  • 1,498‑square‑foot mixed‑use property with a cafe and two‑bedroom apartment
  • Cafe kitchen expanded in 2018
  • Dedicated parking for 10 cars

Property Analytics

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

Current Use

Milagro Coffee & Espresso Cafe & Coffee Shop

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Auto Repair Shop Plumbing Service (Bike/Boat/Book/etc) 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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

160
Businesses Nearby
7k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 62% Shops & Services 38%
Southwest Food Mart IGA Groceries
4,569 visits/mo 0.5 miles
Shell Shops & Services
2,777 visits/mo 0.1 miles

Demographics for 04679, ME

1,756
Population
1,428
Households
1.2
Avg Household Size
51
Median Age
34%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
130
Density / Sq Mi
$54,333
Median Household Income
$39,167
Median Earnings
$926
Median Rent
$417,800
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 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 seasonal cafe occupies the ground floor, with a two-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 204 Main Street Southwest Harbor, ME.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,498‑square‑foot mixed‑use property with a cafe and two‑bedroom apartment; Cafe kitchen expanded in 2018; Dedicated parking for 10 cars
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