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Mixed-Use Building with Restaurant

171 Main Street, Thomaston, ME 04861

For Sale
New
$595,000

Commercial Sale, Thomaston, ME

Property Size5,220 SF
Lot Size0.32 Acres
Price / SF$113.98
Days on Market2

Property Features for 171 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Village Commercial
Rooms Basement
Parking features None
Basement Unfinished, Full
Lot features Downtown, Business District, Historic District, Near Shopping, Retail Strip
Standard status Active
Size 5,220 SF
Lot size 0.32 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 15761

Utilities

Sewer type Public Sewer
Heating system Oil, Hot Water(Heating), Other (Heating), Baseboard
Water source Public

Building Details

Year built 1857
Number of units 6
Flooring type Carpet, Vinyl, Wood
Building materials Masonry, Brick
Roof type Composition, Membrane
Buildings 1
Listing Agency: Cates Real Estate
Listed By: Martin Cates
Added: Nov 12 Changed: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# 1687629

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.

Rey
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Investment Insights

Based on property information with market context.

This 5,220-square-foot mixed-use property occupies three levels and is configured with a restaurant and bar on the first floor. The second level contains office space and additional rear suites, while framing and early renovation work on the top floor has begun for residential conversion. The building was constructed in 1857 and has masonry and brick construction, with wood, carpet, and vinyl flooring.

The property is at 171 Main Street in Thomaston, with first-floor entry from Main Street and additional access from Starr Street. Rear office suites can be entered from the public parking area. Public water and sewer serve the property, and zoning is Village Commercial.

Key Highlights

  • Three‑level mixed‑use property totaling 5,220 square feet
  • Restaurant and bar configured on the first floor
  • Second‑floor offices include rear suites with access from the public parking area

Property Analytics

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

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Furniture & Home Goods Big Box & Wholesale Store Catering Service

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

188
Businesses Nearby

Demographics for 04861, ME

2,739
Population
1,445
Households
1.9
Avg Household Size
48
Median Age
29%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
251
Density / Sq Mi
$53,775
Median Household Income
$35,662
Median Earnings
$891
Median Rent
$260,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Mixed-use properties in Knox County, ME

$178 Jul
$217 Aug
$207 Sep
$203 Oct

Properties on Market for Mixed-use properties in Knox County

Jul
Aug
Sep
Oct

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 - Three floors combine restaurant and bar space, offices, and an upper level with residential conversion work underway.
Where is this mixed-use property located?
The property is located at 171 Main Street Thomaston, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Three‑level mixed‑use property totaling 5,220 square feet; Restaurant and bar configured on the first floor; Second‑floor offices include rear suites with access from the public parking area
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