Mixed-Use Property with
2149 Medway Road, Medway, ME 04460
For Sale
$489,900
Restaurant and bar space is paired with two efficiency apartments and updated mechanical systems.
Property Size5,800 SF
Price / SF$84.47
Days on Market349
Property Features for 2149 Medway Road
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Business Included
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
pool tables
Storage
Building Details
Building Size
Year Built
Listing Agency:
North Woods Real Estate, LLC
(207) 723-9086
Listed By:
James Plourde
(207) 723-1791
Source:
Integrityhomesrealestategroup
Added: Nov 28, 2025
Changed: Nov 11
Last Checked: Nov 11 at 2:28AM
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 North Woods Real Estate, LLC
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Investment Insights
Based on property information with market context.
The 5,800-square-foot mixed-use property, built in 2007, combines restaurant and bar operations with two one-bedroom efficiency apartments. The commercial-zoned building has updated interiors and equipment, five pool tables, and space associated with nightly pool leagues. An owner transition period for training is also offered.
Mechanical upgrades include two newer boilers and three new heat pumps. The two apartments provide separate residential space within the property.
Mechanical upgrades include two newer boilers and three new heat pumps. The two apartments provide separate residential space within the property.
Key Highlights
- 5,800‑square‑foot mixed‑use property with restaurant, bar, and apartment components
- Two one‑bedroom efficiency apartments
- Five pool tables and nightly pool leagues
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,564
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,280
$831.3K
Cap Rate 7%
$593,771
$593.8K
Cap Rate 9%
$461,822
$461.8K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$73.1K $12.60/SF
− Vacancy
−$6.6K −$1.13/SF
EGI
$66.5K $11.47/SF
− OpEx
−$24.9K −$4.30/SF
NOI
$41.6K $7.17/SF
Area
Penobscot County, ME
Vacancy
9.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,280
Cap Rate 7%
$593,771
Cap Rate 9%
$461,822
Alternative Uses
Best Use
Specialty Retail
$1.13M
$987.7K – $1.32M
NOI $79,012 @ 7.0% cap · market cap 16.13%
Second Best
Mixed Use
$593.8K
$519.6K – $692.7K
NOI $41,564 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,126 @ 7.0% cap · market cap 26.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
3,720 visits/mo
0.2 miles
Demographics for 04460, ME
1,236
Population
654
Households
1.9
Avg Household Size
53
Median Age
8%
College-Educated
88%
High-School Grad
76.7 sq mi
ZIP Area
16
Density / Sq Mi
$46,125
Median Household Income
$28,200
Median Earnings
$766
Median Rent
$84,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Penobscot County, ME
Properties on Market for Mixed-use properties in Penobscot County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and bar space is paired with two efficiency apartments and updated mechanical systems.
Where is this mixed-use property located?
The property is located at 2149 Medway Road Medway, ME.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 5,800‑square‑foot mixed‑use property with restaurant, bar, and apartment components; Two one‑bedroom efficiency apartments; Five pool tables and nightly pool leagues
