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Mixed-Use Building with Commercial Spaces
For Sale
$1,495,000

3 Main St, Castine, ME 04421

Three commercial spaces and four residential units share the property.

Property Size5,000 SF
Price / SF$299
Days on Market9

Property Features for 3 Main St

General Information

Standard status Active
Size 5,000 SF
Property subtype Commercial

Site & Location

Corner Location Yes
Road Access Yes

Additional Details

Multifamily Units 4

Building Details

Year Built 1765
Buildings 1
Tenancy Multi
Listing Agency: Saltmeadow Properties, Inc.
Listed By: Carol Kline
Source: Klinerealtygroup
Added: Oct 16 Changed: Oct 22 Last Checked: Oct 22 at 1:43AM

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 Saltmeadow Properties, Inc.

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Investment Insights

Based on property information with market context.

This mixed-use property contains 3 commercial spaces and 4 residential units, with the residences on the upper two floors. The building has served Castine since 1765 and occupies the corner of Main and Water streets in the village center.

Main Street and the town dock provide views of the property. Its combination of commercial and residential space places several distinct uses within one building.

Key Highlights

  • 3 commercial spaces and 4 residential units
  • Residential units occupy the top two floors
  • Building dates to 1765

Property Analytics

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Current Use

Ebee's Sweets Bakery Compass Rose Books (Bike/Boat/Book/etc) Store The Breeze & Castine Variety Restaurant

Lease Details

4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

128
Businesses Nearby

Demographics for 04421, ME

1,320
Population
694
Households
1.9
Avg Household Size
27
Median Age
76%
College-Educated
100%
High-School Grad
7.8 sq mi
ZIP Area
169
Density / Sq Mi
$111,500
Median Household Income
$9,794
Median Earnings
$1,028
Median Rent
$557,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three commercial spaces and four residential units share the property.
Where is this mixed-use property located?
The property is located at 3 Main St Castine, ME.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3 commercial spaces and 4 residential units; Residential units occupy the top two floors; Building dates to 1765
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