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Mixed-Use Building with Retail Space
For Sale
$339,000

238 Main Street, Norway, ME 04268

Two upstairs apartments complement ground-floor commercial space along Main Street in Norway.

Property Size2,784 SF
Price / SF$121.77
Days on Market20

Property Features for 238 Main Street

General Information

Standard status Active
Size 2,784 SF
Property subtype Commercial
Zoning B

Units

Unit Mix 1 x 1BR, 1 x 2BR
Multifamily Units 2

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $3,390

Amenities

off-street parking

Building Details

Building Size 2,784 SF
Stories 2
Listing Agency: Bearfoot Realty
Listed By: Miranda Derenburger
Source: Hayesrealestate
Added: Oct 13 Changed: Oct 31 Last Checked: Oct 31 at 1:40AM

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 Bearfoot Realty

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property at 238 Main Street combines street-level commercial space with two apartments on the floor above. The residential units comprise one one-bedroom apartment and one two-bedroom apartment. The building contains 2,784 square feet and is zoned B.

The property fronts Main Street in Norway and includes off-street parking. Rental history is described as consistent across the units.

Key Highlights

  • 2,784‑square‑foot mixed‑use property
  • Ground‑floor commercial space with two upstairs apartments
  • Apartment mix includes one 1‑bedroom unit and one 2‑bedroom unit

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Tangles Hair Salon Hair Salon

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

535
Businesses Nearby

Demographics for 04268, ME

5,077
Population
2,869
Households
1.8
Avg Household Size
48
Median Age
23%
College-Educated
90%
High-School Grad
45.0 sq mi
ZIP Area
113
Density / Sq Mi
$53,162
Median Household Income
$35,897
Median Earnings
$758
Median Rent
$184,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two upstairs apartments complement ground-floor commercial space along Main Street in Norway.
Where is this mixed-use property located?
The property is located at 238 Main Street Norway, ME.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 2,784‑square‑foot mixed‑use property; Ground‑floor commercial space with two upstairs apartments; Apartment mix includes one 1‑bedroom unit and one 2‑bedroom unit
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