Mixed-Use Property with
For Sale
$349,000
1587 Atlantic Highway, Waldoboro, ME 04572
Commercial Sale, Waldoboro, ME
Property Size1,755 SF
Lot Size0.37 Acres
Price / SF$198.86
Days on Market48
Property Features for 1587 Atlantic Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial residenti
Rooms
Basement
Basement
Sump Pump, Full, Unfinished
Lot features
Near Shopping, Rural
Standard status
Active
Size
1,755 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5506
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Forced Air, Oil, Natural Gas, Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1950
Number of units
2
Flooring type
Tile
Building materials
Wood Frame, Wood Siding
Roof type
Composition
Listing Agency:
Drum & Drum Real Estate Inc.
Listed By:
Jeanette Wordock
(207) 563-1772
Added: Jul 20
Changed: Sep 1
Last Checked: Sep 5 at 5:06PM
MLS# 1672690
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a restaurant and an upstairs apartment within a 1,755-square-foot building on 0.37 acres. The structure was built in 1950 and features wood-frame construction with wood siding, tile flooring, a composition roof, public water, and public sewer. A basement is also included.
The property is located at 1587 Atlantic Highway in Waldoboro, with Route 1 frontage and visibility from the highway. The restaurant is currently operating under a lease that runs through May 2028, while the apartment above is rented separately. The site’s commercial setting and combination of restaurant and residential space provide a distinct mixed-use configuration.
The property is located at 1587 Atlantic Highway in Waldoboro, with Route 1 frontage and visibility from the highway. The restaurant is currently operating under a lease that runs through May 2028, while the apartment above is rented separately. The site’s commercial setting and combination of restaurant and residential space provide a distinct mixed-use configuration.
Key Highlights
- 1,755‑square‑foot mixed‑use building on 0.37 acres
- Operating restaurant with lease extending through May 2028
- Upstairs apartment is separately rented
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 31%
Shops & Services 21%
Electronics 3%
Hannaford
Groceries
17,181 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,118 visits/mo
0.5 miles
Citgo
Shops & Services
6,632 visits/mo
0.2 miles
SUBWAY
Dining
2,996 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
1,878 visits/mo
0.5 miles
Demographics for 04572, ME
5,154
Population
2,957
Households
1.7
Avg Household Size
46
Median Age
33%
College-Educated
96%
High-School Grad
71.5 sq mi
ZIP Area
72
Density / Sq Mi
$66,072
Median Household Income
$40,657
Median Earnings
$271,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building includes an operating restaurant and an upstairs apartment, with the restaurant lease extending through May 2028.
Where is this mixed-use property located?
The property is located at 1587 Atlantic Highway Waldoboro, ME.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,755‑square‑foot mixed‑use building on 0.37 acres; Operating restaurant with lease extending through May 2028; Upstairs apartment is separately rented
