Main Street Retail/Office
298 Main Street Unit Unit A & B Yarmouth, ME 04096
298 Main Street Unit Unit A & B, Yarmouth, ME, 04096
$1,120,000
For Sale
$1,120,000
Newly constructed storefront space in a condominium building with large windows and flexible retail or office use.
Property Size2,484 SF
Price / SF$450.89
Days on Market59
Property Features for 298 Main Street Unit Unit A & B
General Information
- Standard status
- Active
- Size
- 2,484 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing Agency
Vitalius Real Estate Group,LLC
Listed by
Briton Vitalius
(603) 433-3350
Source
Greatislandrealty
Added: May 19 Checked: Jul 16 at 11:57 am
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 Vitalius Real Estate Group,LLC
Investment Insights
Based on property information with market context.
Newly constructed commercial storefront space is offered in a condominium building at 298 Main Street, Unit A & B. The unit features large storefront windows designed to bring in natural light and provide a prominent street presence. The layout is flexible for service-oriented uses, retail, or office occupancy.
Located in the Business District of Yarmouth Village on Main Street, the space is surrounded by established local shops and restaurants. The listing highlights steady foot traffic, visibility, and easy access in a walkable village center.
Suitable for businesses seeking a storefront-style environment, this offering provides modern construction within a condominium configuration and street-facing frontage through the unit’s large windows.
Located in the Business District of Yarmouth Village on Main Street, the space is surrounded by established local shops and restaurants. The listing highlights steady foot traffic, visibility, and easy access in a walkable village center.
Suitable for businesses seeking a storefront-style environment, this offering provides modern construction within a condominium configuration and street-facing frontage through the unit’s large windows.
Key Highlights
- Newly constructed commercial storefront space in a modern condominium building on Main Street (Year built: 2026)
- Large storefront windows for natural light and street‑facing presence
- Flexible layout suitable for service‑oriented uses, retail, or office space
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.3k | $21.84 |
| − Vacancy | −$6.8k | −$2.75 |
| EGI | $47.4k | $19.09 |
| − OpEx | −$11.9k | −$4.77 |
| NOI | $35.6k | $14.32 |
2,484 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$508.0K
$444.5K – $592.7K
NOI $35,561 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$371.1K
$324.7K – $433.0K
NOI $25,978 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$682.7K
$597.4K – $796.5K
NOI $47,791 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Main Street Energy ...
Sports Field & Court
Similar For Sale Nearby
Similar Off Market Nearby
- Yarmouth Flower Deliviry — I-295, Yarmouth, ME 04096, United States
- 48LongStems — 92 Glen Rd A, Yarmouth, ME 04096
- Blue Fern Designs — 343 Main St, Yarmouth, ME 04096
FAQs
What type of property is this?
Storefront property - Newly constructed storefront space in a condominium building with large windows and flexible retail or office use.
Where is this storefront property located?
The property is located at 298 Main Street Unit Unit A & B Yarmouth, ME.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Newly constructed commercial storefront space in a modern condominium building on Main Street (Year built: 2026); Large storefront windows for natural light and street‑facing presence; Flexible layout suitable for service‑oriented uses, retail, or office space
