Three-Building Mixed-Use
For Sale
$1,500,000
21 27 33 Depot Square, Mechanic Falls, ME 04256
Operating grocery store, leased USPS facility, and vacant historic depot comprise the property.
Property Size9,000 SF
Days on Market46
Property Features for 21 27 33 Depot Square
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Commercial
Zoning
Coml
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$10,277
Building Details
Building Size
9,000 SF
Buildings
3
Stories
1
Tenancy
Multi
Listing Agency:
EXP Realty
(207) 653-6773
Listed By:
Edward Herczeg
(207) 653-6773
Source:
Startpoint
Added: Jun 22
Changed: Aug 2
Last Checked: Aug 5 at 2:24PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes three buildings: an operating grocery store, a facility leased to the United States Postal Service, and a vacant historic train depot. The grocery operation recently completed a comprehensive 7-month remodel, with commercial coolers, display racks, a POS system, CCTV security equipment, and updated flooring among the improvements. Fresh inventory is available to the buyer at cost at closing.
The USPS building is fully leased, providing an established tenancy within the property. The original depot remains vacant and offers additional building space within the compound. The property is identified as commercial zoning and is located at 21, 27, and 33 Depot Square in Mechanic Falls, Maine.
The USPS building is fully leased, providing an established tenancy within the property. The original depot remains vacant and offers additional building space within the compound. The property is identified as commercial zoning and is located at 21, 27, and 33 Depot Square in Mechanic Falls, Maine.
Key Highlights
- Three‑building commercial compound with grocery, USPS, and depot buildings
- Operating grocery business with fresh inventory available at cost at closing
- Grocery facility completed a comprehensive 7‑month remodel
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.4k | $21.60 |
| − Vacancy | −$24.5k | −$2.72 |
| EGI | $169.9k | $18.88 |
| − OpEx | −$63.7k | −$7.08 |
| NOI | $106.2k | $11.80 |
9,000 SF · lease $21.60/SF/yr · vacancy 12.60% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.52M
$1.33M – $1.77M
NOI $106,191 @ 7.0% cap · market cap 7.08%
Second Best
Retail
$1.34M
$1.18M – $1.57M
NOI $94,122 @ 7.0% cap · market cap 6.27%
Theoretical Best
Warehouse
$15.98M
$13.99M – $18.65M
NOI $1,118,927 @ 7.0% cap · market cap 74.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Groceries 16%
Cumberland Farms
Shops & Services
9,135 visits/mo
0.1 miles
Citgo
Shops & Services
2,956 visits/mo
0.1 miles
Future Foods IGA
Groceries
2,612 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,128 visits/mo
0.1 miles
Demographics for 04256, ME
3,107
Population
1,195
Households
2.6
Avg Household Size
41
Median Age
15%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
282
Density / Sq Mi
$58,958
Median Household Income
$36,601
Median Earnings
$1,160
Median Rent
$224,100
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 - Operating grocery store, leased USPS facility, and vacant historic depot comprise the property.
Where is this mixed-use property located?
The property is located at 21 27 33 Depot Square Mechanic Falls, ME.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three‑building commercial compound with grocery, USPS, and depot buildings; Operating grocery business with fresh inventory available at cost at closing; Grocery facility completed a comprehensive 7‑month remodel
