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    Lincolnville Mixed-Use Live/Work Opportunity Title is generated by Realmo AI

    2122 Atlantic Highway, Lincolnville, ME 04849

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    Claim this Listing
    New
    For Sale
    $650,000

    COMMERCIAL - Lincolnville, ME

    Property size:
    1,500 SF
    Lot size:
    2.19 Acres
    Price / SF:
    $433/SF
    Added:
    May 28, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 1 at 10:06 am

    Property Features for 2122 Atlantic Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Multi Zone
    Basement
    Crawl Space
    Standard status
    Active
    Size
    1,500 SF
    Lot size
    2.19 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4262

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Other (Heating), Baseboard, Oil, Hot Water(Heating)
    Water source
    Private, Well

    Building Details

    Flooring type
    Wood, Linoleum
    Building materials
    Wood Frame, Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Michelle Ridley

    Listing agent Michelle Ridley

    Listing office Better Homes & Gardens Real Estate/The Masiello Group 143 High Street, Bedford, ME

    Listing date May 28, 2026

    MLS# 1664394

    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.

    HighLights

    • Flexible live/work space with potential for residential conversion, including defined areas for a kitchen, main‑floor bedroom, and flexible upper‑level layout.
    • Large (1260 sq ft) heated workshop with loading dock, suitable for studio, production, or storage.
    • Separate three‑bay (1248 sq ft) pole barn on a private drive, offering storage or possible rental income.
    • Two‑car garage providing secure parking and storage.
    • Pond and surrounding green space offering privacy and seasonal outdoor enjoyment.
    • Midcoast location with convenient access to Camden, Mt. Battie, Lincolnville Beach, and a nearby state park.

    Overview

    This light-filled mixed-use property in Lincolnville, Maine, presents a live/work or investment opportunity. Currently configured as an architect's office, the property offers flexibility for conversion to a residence or continued commercial use. The open interior spaces and ample windows provide good natural light, and the existing layout may simplify a future renovation. The main level features a small kitchen, a full bath, three office spaces, and a conference room that could accommodate a kitchen and living area, along with a primary bedroom and bath. The upper level features two additional office spaces and a bathroom, offering space for additional bedrooms. Additional features include a 575 square foot two-car garage with a loading dock leading into the large, 1260 square foot workshop. The workshop is currently used for woodworking and is suitable for a range of uses such as studio space, small-scale production, or storage. A separate drive leads to a 1248 square foot three-bay pole barn that may provide rental or storage options. The grounds include a pond and surrounding green space that offer privacy and seasonal outdoor enjoyment. Located near Camden, Mt. Battie, Lincolnville Beach, and the state park, the property provides access to local amenities and outdoor recreation. The 2.19-acre lot may suit buyers interested in a combined live/work setup, rental income, or a renovation project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Dental Office Kitchen & Bath Showroom Bakery Bed & Breakfast Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnville
    County
    Waldo
    State
    Maine
    Longitude
    -69.0247915
    Latitude
    44.2580651

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    FAQs

    What type of property is this?
    Mixed-use property - Convertible live/work property with workshop, garage, and pole barn.
    Where is this mixed-use property located?
    The property is located at 2122 Atlantic Highway Lincolnville, ME.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Flexible live/work space with potential for residential conversion, including defined areas for a kitchen, main‑floor bedroom, and flexible upper‑level layout.; **Large (1260 sq ft) heated workshop with loading dock, suitable for studio, production, or storage.**; Separate three‑bay (1248 sq ft) pole barn on a private drive, offering storage or possible rental income.
    (207) 323-1796
    We can help!
    Listing Contact
    Michelle Ridley
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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