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Mixed-Use Building with Rental Unit
New
For Sale
$595,000

248-250 Main Street, Norway, ME 04268

Commercial Sale, Norway, ME

Property Size3,822 SF
Lot Size0.24 Acres
Price / SF$155.68
Days on Market3

Property Features for 248-250 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B
Rooms Basement
Basement Unfinished, Full
Lot features Business District, Near Shopping
Standard status Active
Size 3,822 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 5123

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Building materials Wood Frame
Roof type Metal
Listing Agency: Bearfoot Realty
Listed By: Miranda Derenburger
Added: Oct 13 Last Checked: Oct 15 at 9:06AM
MLS# 1684082

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.

Investment Insights

Based on property information with market context.

This 3,822-square-foot mixed-use property has a ground-floor space currently occupied by a bakery and a three-bedroom rental on the second level. The building includes a basement and features wood-frame construction, a metal roof, public water, and public sewer. It is zoned B.

The property comprises three lots totaling 0.24 acres at 248-250 Main Street in Norway. Two lots are used for customer parking, and the lots are described as buildable. The bakery business may be purchased separately; it is not included in the property description.

Key Highlights

  • 3,822‑square‑foot building with a ground‑floor bakery and three‑bedroom rental above
  • Three associated lots totaling 0.24 acres
  • Two lots provide customer parking; the lots are described as buildable

Property Analytics

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Current Use

Coffee shops

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

Multi-tenant
Tenancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A ground-floor bakery space sits below a three-bedroom rental, with customer parking across the associated lots.
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 building with a ground‑floor bakery and three‑bedroom rental above; Three associated lots totaling 0.24 acres; Two lots provide customer parking; the lots are described as buildable
More about this property
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