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Mixed-Use Property with Bakery
For Sale
$595,000

248-250 Main Street, Norway, ME 04268

A three-bedroom rental occupies the upper floor above a bakery space with kitchen equipment included in the property sale.

Property Size3,822 SF
Price / SF$155.68
Days on Market20

Property Features for 248-250 Main Street

General Information

Standard status Active
Size 3,822 SF
Property subtype Mixed Use

Additional Details

Mixed-Use Components retail, residential
Equipment Included Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $5,123

Building Details

Building Size 3,822 SF
Buildings 1
Stories 2
Listing Agency: Bearfoot Realty
Listed By: Miranda Derenburger
Source: Hoangrealty
Added: Oct 13 Changed: Oct 27 Last Checked: Oct 31 at 7:35PM

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 3,822-square-foot mixed-use building has a bakery on the first level and a three-bedroom rental unit above. Kitchen and bakery appliances, including walk-in refrigeration units, are included in the property sale. The building has received extensive improvements and renovations in recent years. The bakery business is offered separately from the real estate.

The property comprises three lots in Norway, Maine. Two lots are used for customer parking, and the lots are described as buildable for possible future expansion.

Key Highlights

  • 3,822‑square‑foot mixed‑use building
  • First‑floor bakery space with kitchen and bakery equipment, including walk‑in refrigeration units
  • Three‑bedroom rental unit on the second floor

Property Analytics

Current Use

Storefront properties

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.

Location Intelligence

Trade Area within ½ mile

535
Businesses Nearby
37k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 47% Dining 38% Home Improvements & Furnishings 15%
Dunkin' Donuts Dining
12,424 visits/mo 0.4 miles
Cumberland Farms Shops & Services
11,204 visits/mo 0.1 miles
Aubuchon Hardware Home Improvements & Furnishings
5,518 visits/mo 0.4 miles
Gulf Oil Shops & Services
3,803 visits/mo 0.4 miles
KeyBank Shops & Services
2,429 visits/mo 0.2 miles

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

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - A three-bedroom rental occupies the upper floor above a bakery space with kitchen equipment included in the property sale.
Where is this mixed-use property located?
The property is located at 248-250 Main Street Norway, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,822‑square‑foot mixed‑use building; First‑floor bakery space with kitchen and bakery equipment, including walk‑in refrigeration units; Three‑bedroom rental unit on the second floor
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