Mixed-Use Building with
For Sale
$1,299,000
253 York Street, York, ME 03909
Three separate spaces combine commercial flexibility with two residential units, 20 parking spots, and YVC-1 zoning.
Property Size5,881 SF
Price / SF$220.88
Days on Market905
Property Features for 253 York Street
General Information
Standard status
Active
Size
5,881 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
YVC-1
Site & Location
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$5,716
Amenities
in-unit laundry
heat pumps
Building Details
Building Size
5,881 SF
Year Built
1850
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 475-0999
Listed By:
Troy Williams · License #066558
(207) 351-8188
Source:
Amerorealty
Added: May 11, 2024
Changed: Oct 31
Last Checked: Oct 31 at 2:34PM
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 Keller Williams Coastal and Lakes & Mountains Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 253 York Street, this 5,881-square-foot mixed-use property dates to 1850 and contains three units. Unit A is configured for commercial use, while Units B and C are two-bedroom apartments with updated bathrooms and in-unit laundry. Unit C also has high-efficiency heat pumps. Separate utilities serve each unit, and the property includes 20 parking spaces.
The property is near York Village restaurants and shops, as well as Harbor Beach, Long Sands Beach, and Short Sands Beach. It is zoned YVC-1.
The property is near York Village restaurants and shops, as well as Harbor Beach, Long Sands Beach, and Short Sands Beach. It is zoned YVC-1.
Key Highlights
- Three‑unit mixed‑use property totaling 5,881 square feet
- Unit A offers commercial space; Units B and C are two‑bedroom apartments
- Apartments include updated bathrooms and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,887
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,817,740
$1.8M
Cap Rate 7%
$1,298,386
$1.3M
Cap Rate 9%
$1,009,856
$1.0M
Market Conditions
NOI Build-Up for 5,881 SF
Gross rent
$174.3K $29.64/SF
− Vacancy
−$9.1K −$1.54/SF
EGI
$165.2K $28.10/SF
− OpEx
−$74.4K −$12.64/SF
NOI
$90.9K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,817,740
Cap Rate 7%
$1,298,386
Cap Rate 9%
$1,009,856
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.51M
NOI $90,887 @ 7.0% cap · market cap 7.00%
Second Best
Mixed Use
$1.04M
$913.0K – $1.22M
NOI $73,042 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,497 @ 7.0% cap · market cap 10.05%
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
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 03909, ME
10,938
Population
7,101
Households
1.5
Avg Household Size
53
Median Age
50%
College-Educated
98%
High-School Grad
35.2 sq mi
ZIP Area
311
Density / Sq Mi
$108,889
Median Household Income
$55,540
Median Earnings
$1,438
Median Rent
$589,400
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three separate spaces combine commercial flexibility with two residential units, 20 parking spots, and YVC-1 zoning.
Where is this mixed-use property located?
The property is located at 253 York Street York, ME.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Three‑unit mixed‑use property totaling 5,881 square feet; Unit A offers commercial space; Units B and C are two‑bedroom apartments; Apartments include updated bathrooms and in‑unit laundry
