Commercial Condo Office
298 York Street Unit 4 York, ME 03909
For Sale
$89,000
Newly constructed condo office unit with an open layout, efficiency kitchen, and shared bathroom in a 2022 mixed-use building.
Property Size302 SF
Price / SF$294.70
Days on Market315
Property Features for 298 York Street Unit 4
General Information
Standard status
Active
Size
302 SF
Property subtype
Commercial
Building Details
Year Built
2022
Listing Agency:
Coldwell Banker Yorke Realty
Listed By:
Lorilyn Barrett
(603) 433-3350
Source:
Greatislandrealty
Added: Sep 18, 2025
Changed: Jul 28
Last Checked: Jul 28 at 6:57AM
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
Investment Insights
Based on property information with market context.
This newly constructed commercial condo unit is located in a mixed-use building completed in 2022 and is offered for sale. The suite provides a large open concept office space, along with an efficiency kitchen featuring a sink, small fridge, upper and lower cabinets, and space for a microwave. Additional in-unit features include a private electrical panel, and the building includes a fire-suppression system and security. The unit also offers full handicap use and accessibility, and includes access to a shared bathroom.
The property is described as being in downtown York near shopping, with proximity to major road access and about a 10-minute drive to the NH border. The remarks also note York Village is undergoing a major revitalization project expected to begin in 2026, with plans aimed at improving walkability, traffic flow, and parking.
The condo includes shared bathroom access and common building amenities, with private in-unit electrical service supporting the space’s day-to-day operations.
The property is described as being in downtown York near shopping, with proximity to major road access and about a 10-minute drive to the NH border. The remarks also note York Village is undergoing a major revitalization project expected to begin in 2026, with plans aimed at improving walkability, traffic flow, and parking.
The condo includes shared bathroom access and common building amenities, with private in-unit electrical service supporting the space’s day-to-day operations.
Key Highlights
- 302 SF newly constructed York commercial condo office unit in a mixed‑use building completed in 2022
- Large open‑concept office space suitable for a business, medical office, art studio, or call center
- Efficiency kitchen includes sink, small fridge, upper and lower cabinets, and space for a microwave
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 | $7.5k | $24.96 |
| − Vacancy | −$942 | −$3.12 |
| EGI | $6.6k | $21.84 |
| − OpEx | −$1.6k | −$5.46 |
| NOI | $4.9k | $16.38 |
302 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$70.7K
$61.8K – $82.5K
NOI $4,947 @ 7.0% cap · market cap 5.56%
Second Best
Healthcare Medical
$58.4K
$51.1K – $68.2K
NOI $4,091 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$95.7K
$83.8K – $111.7K
NOI $6,701 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Newly constructed condo office unit with an open layout, efficiency kitchen, and shared bathroom in a 2022 mixed-use building.
Where is this office units located?
The property is located at 298 York Street Unit 4 York, ME.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: 302 SF newly constructed York commercial condo office unit in a mixed‑use building completed in 2022; Large open‑concept office space suitable for a business, medical office, art studio, or call center; Efficiency kitchen includes sink, small fridge, upper and lower cabinets, and space for a microwave
