Freestanding Mixed-Use Retail
For Sale
$350,000
39 Main Street, Oakland, ME 04963
Two operating businesses occupy the building, including a recently renovated laundromat and a salon.
Property Size3,324 SF
Price / SF$105.29
Days on Market1358
Property Features for 39 Main Street
General Information
Standard status
Active
Size
3,324 SF
Property subtype
Commercial
Zoning
Mixed Use
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$3,516
Building Details
Building Size
3,324 SF
Year Built
1980
Stories
1
Listing Agency:
Cornerstone Your Realty
Listed By:
Robin Cyr
(207) 649-0111
Source:
Amerorealty
Added: Feb 12, 2023
Changed: Oct 31
Last Checked: Oct 31 at 2:38PM
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 Cornerstone Your Realty
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 freestanding retail property contains 3,324 square feet and dates to 1980. Its current occupants are a laundromat and a salon; the laundromat has undergone a recent renovation. The property is zoned Mixed Use.
The building is located in Oakland's business area, with I-95 minutes away. It stands at 39 Main Street.
The building is located in Oakland's business area, with I-95 minutes away. It stands at 39 Main Street.
Key Highlights
- 3,324‑square‑foot freestanding building
- Laundromat and salon currently operate in the building
- Laundromat was recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,099
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,980
$642.0K
Cap Rate 7%
$458,557
$458.6K
Cap Rate 9%
$356,656
$356.7K
Market Conditions
NOI Build-Up for 3,324 SF
Gross rent
$47.9K $14.40/SF
− Vacancy
−$2.0K −$0.60/SF
EGI
$45.9K $13.80/SF
− OpEx
−$13.8K −$4.14/SF
NOI
$32.1K $9.66/SF
Area
Kennebec County, ME
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,980
Cap Rate 7%
$458,557
Cap Rate 9%
$356,656
Alternative Uses
Best Use
Retail
$458.6K
$401.2K – $535.0K
NOI $32,099 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.96M
$4.34M – $5.79M
NOI $347,136 @ 7.0% cap · market cap 99.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Groceries 30%
Dining 9%
Citgo
Shops & Services
7,035 visits/mo
0.1 miles
Buddies Groceries IGA
Groceries
6,838 visits/mo
0.1 miles
Dollar General
Shops & Services
6,826 visits/mo
0.3 miles
SUBWAY
Dining
2,049 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Two operating businesses occupy the building, including a recently renovated laundromat and a salon.
Where is this retail space located?
The property is located at 39 Main Street Oakland, ME.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,324‑square‑foot freestanding building; Laundromat and salon currently operate in the building; Laundromat was recently renovated
