Hardware Storefront with Operating
23 Federal Road, Parsonsfield, ME 04047
For Sale
$649,000
The offering includes merchandise inventory, store equipment, fixtures, and an owned propane bulk tank.
Property Size4,058 SF
Price / SF$159.93
Days on Market49
Property Features for 23 Federal Road
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Business Included
Traffic Count
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
Storage
Building Details
Building Size
Year Built
Stories
Listing Agency:
Real Broker
(207) 272-3984
Listed By:
Daniel McDonnell
(315) 854-4302
Source:
Amerorealty
Added: Sep 22
Changed: Nov 7
Last Checked: Nov 8 at 3:04PM
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 Real Broker
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Investment Insights
Based on property information with market context.
This commercial storefront at 23 Federal Road in Parsonsfield operates as a hardware business, with the business and its operating assets included in the sale. The 4,058-square-foot property was built in 1836 and is zoned COMMERCIAL. The store carries hardware, building, plumbing, electrical, hunting, and fishing supplies, and offers paint mixing, pipe and glass cutting, and metal roofing distribution. Propane sales and refills are supported by an owned 1,000-gallon bulk tank; seasonal kayak and paddleboard rentals are also part of the operation.
Maine DOT recorded traffic of 5,976 vehicles per day in 2024. The seller is open to discussing a training and transition period for a new owner.
Maine DOT recorded traffic of 5,976 vehicles per day in 2024. The seller is open to discussing a training and transition period for a new owner.
Key Highlights
- 4,058‑square‑foot storefront built in 1836
- Operating hardware business offered with equipment, fixtures, and full merchandise inventory
- Owned 1,000‑gallon bulk propane tank supports propane sales and refills
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,280
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,600
$985.6K
Cap Rate 7%
$704,000
$704.0K
Cap Rate 9%
$547,556
$547.6K
Market Conditions
NOI Build-Up for 4,058 SF
Gross rent
$76.9K $18.96/SF
− Vacancy
−$6.5K −$1.61/SF
EGI
$70.4K $17.35/SF
− OpEx
−$21.1K −$5.20/SF
NOI
$49.3K $12.14/SF
Area
York County, ME
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,600
Cap Rate 7%
$704,000
Cap Rate 9%
$547,556
Alternative Uses
Best Use
Retail
$704.0K
$616.0K – $821.3K
NOI $49,280 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,046 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5,976 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
People's United Bank
Shops & Services
1,006 visits/mo
0.5 miles
Demographics for 04047, ME
1,791
Population
1,077
Households
1.7
Avg Household Size
50
Median Age
24%
College-Educated
89%
High-School Grad
58.9 sq mi
ZIP Area
30
Density / Sq Mi
$61,250
Median Household Income
$43,326
Median Earnings
$1,051
Median Rent
$251,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in York County, ME
Properties on Market for Storefront properties in York County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - The offering includes merchandise inventory, store equipment, fixtures, and an owned propane bulk tank.
Where is this storefront property located?
The property is located at 23 Federal Road Parsonsfield, ME.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 4,058‑square‑foot storefront built in 1836; Operating hardware business offered with equipment, fixtures, and full merchandise inventory; Owned 1,000‑gallon bulk propane tank supports propane sales and refills
