Road-Frontage Office
298 York Street #2, York, ME 03909
For Sale
$125,000
YVC-1 zoning and an accessible layout support a range of business uses.
Property Size441 SF
Price / SF$283.45
Days on Market409
Property Features for 298 York Street #2
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Traffic Count
Road Access
Additional Details
Sprinkler System
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
shared bathroom
private in-unit electrical panel
security
handicap accessible
natural light
internet-ready
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Yorke Realty
(207) 363-4300
Listed By:
Lorilyn Barrett
(207) 337-1515
Source:
Integrityhomesrealestategroup
Added: Oct 2, 2025
Changed: Nov 11
Last Checked: Nov 13 at 7:20PM
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 Coldwell Banker Yorke Realty
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Investment Insights
Based on property information with market context.
Built in 2022, this office condominium has natural light, internet capability for multiple workstations, and an in-unit electrical panel. The accessible space also includes a shared bathroom, fire-suppression system, and security features. Zoning is YVC-1.
The unit fronts York Street in York Village. Maine DOT reports an average of 13,600 vehicles passing the location daily. The property is a 10-minute drive from the New Hampshire border, with access to major roads nearby.
The unit fronts York Street in York Village. Maine DOT reports an average of 13,600 vehicles passing the location daily. The property is a 10-minute drive from the New Hampshire border, with access to major roads nearby.
Key Highlights
- Constructed in 2022
- Direct frontage on York Street
- Maine DOT reports 13,600 vehicles passing daily on average
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,224
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,480
$144.5K
Cap Rate 7%
$103,200
$103.2K
Cap Rate 9%
$80,267
$80.3K
Market Conditions
NOI Build-Up for 441 SF
Gross rent
$11.0K $24.96/SF
− Vacancy
−$1.4K −$3.12/SF
EGI
$9.6K $21.84/SF
− OpEx
−$2.4K −$5.46/SF
NOI
$7.2K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,480
Cap Rate 7%
$103,200
Cap Rate 9%
$80,267
Alternative Uses
Best Use
Office B
$103.2K
$90.3K – $120.4K
NOI $7,224 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$139.8K
$122.3K – $163.1K
NOI $9,786 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
13,600 VPD
Traffic count
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
551
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
$589,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in York County, ME
Properties on Market for Office Units in York County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - YVC-1 zoning and an accessible layout support a range of business uses.
Where is this office unit located?
The property is located at 298 York Street #2 York, ME.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Constructed in 2022; Direct frontage on York Street; Maine DOT reports 13,600 vehicles passing daily on average
