Building Details

Buildings 3

Listing Agency: EXP Realty

Listed By: Edward Herczeg Show Phone

Source: Portsiderealestategroup

Added: Jun 20 Changed: Oct 11 Last Checked: Oct 14 at 11:05PM

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Investment Insights

Based on property information with market context.

This three-building commercial property includes an active grocery store, a fully leased United States Postal Service facility, and a vacant historic train depot. The grocery operation is stocked and functioning, providing an established business component within the property. A comprehensive seven-month remodel added commercial coolers, updated display racks, a modern POS system, high-definition CCTV security, and new flooring.

The depot building is vacant and offers a separate structure for a future use. The property is identified as 21, 27, and 33 Depot Square in Mechanic Falls, Maine, with approximately 9,000 square feet across the compound. The USPS tenancy adds an existing leased component, while the operating grocery and renovated infrastructure provide the primary business platform.

Key Highlights

• Three‑building commercial compound totaling 9,000 square feet
• Operating grocery store with stocked inventory and active business
• Grocery facility completed a comprehensive seven‑month remodel

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

Mixed Use

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,191 @ 7.0% cap · market cap 9.65%

Second Best

Retail

$1.34M

$1.18M – $1.57M (±1% cap)

NOI $94,122 @ 7.0% cap · market cap 8.56%

Theoretical Best

Warehouse

$15.98M

$13.99M – $18.65M (±1% cap)

NOI $1,118,927 @ 7.0% cap · market cap 101.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Future Foods Grocery & Convenience Store

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Law Firm Hair Salon Auto Parts Store

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

115

Businesses Nearby

16k

Monthly Visits Nearby

Balanced

Demand for This Use

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Future Foods — 21 Depot Sq, Mechanic Falls, ME 04256

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Three-building property combines an operating grocery business with a leased USPS facility.

Where is this grocery and convenience store 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‑building commercial compound totaling 9,000 square feet; Operating grocery store with stocked inventory and active business; Grocery facility completed a comprehensive seven‑month remodel