Mixed-Use Property with Loading
For Sale
$1,100,000
21 27 33 Depot Square, Mechanic Falls, ME 04256
Commercial Sale, Mechanic Falls, ME
Property Size9,000 SF
Lot Size1.40 Acres
Price / SF$122.22
Days on Market104
Property Features for 21 27 33 Depot Square
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Coml
Interior features
Storage
Lot features
Retail Strip
Standard status
Active
Size
9,000 SF
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10277
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Natural Gas, Forced Air, Oil
Cooling system
Heat Pump, Central Air
Water source
Public
Amenities
CCTV security system
Building Details
Flooring type
Laminate, Concrete
Building materials
Masonry, Steel Frame, Wood Frame, Block, Vinyl Siding, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Edward Herczeg
(207) 653-6773
Added: Jul 13
Changed: Oct 19
Last Checked: Oct 24 at 12:06AM
MLS# 1668396
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.
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Investment Insights
Based on property information with market context.
A three-building mixed-use property spans 1.4 acres at 21, 27 and 33 Depot Square. The 9,000-square-foot main building has an open layout, a loading dock, and storage; it currently operates as a grocery store. Renovations in 2025 included updates to heating, cooling, flooring and roofing, along with installation of a high-definition CCTV system.
The property also includes a building fully leased to the USPS and a vacant historic train depot. Commercial zoning is listed as Coml. Public water and sewer serve the property.
The property also includes a building fully leased to the USPS and a vacant historic train depot. Commercial zoning is listed as Coml. Public water and sewer serve the property.
Key Highlights
- Three buildings on a 1.4‑acre parcel
- Main building contains 9,000 square feet and an open layout
- Loading dock at the main commercial building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,122
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,882,440
$1.9M
Cap Rate 7%
$1,344,600
$1.3M
Cap Rate 9%
$1,045,800
$1.0M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$162.0K $18.00/SF
− Vacancy
−$27.5K −$3.06/SF
EGI
$134.5K $14.94/SF
− OpEx
−$40.3K −$4.48/SF
NOI
$94.1K $10.46/SF
Area
Androscoggin County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,882,440
Cap Rate 7%
$1,344,600
Cap Rate 9%
$1,045,800
Alternative Uses
Best Use
Warehouse
$15.98M
$13.99M – $18.65M
NOI $1,118,927 @ 7.0% cap · market cap 101.72%
Second Best
Mixed Use
$1.52M
$1.33M – $1.77M
NOI $106,191 @ 7.0% cap · market cap 9.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The three-building property includes an occupied commercial space and a separate building leased to the USPS.
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 $1,100,000.
What are key features of this property?
This property features: Three buildings on a 1.4‑acre parcel; Main building contains 9,000 square feet and an open layout; Loading dock at the main commercial building
