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Mixed-Use Store with Residence

3 Water Street, Princeton, ME 04668

For Sale
$565,000

A three-bedroom apartment above the store adds residential space to this operating general store and lunch counter.

Property Size3,600 SF
Price / SF$156.94
Days on Market257

Property Features for 3 Water Street

General Information

Standard status Active
Size 3,600 SF
Property subtype Commercial

Automotive

Automotive Uses fuel station
Convenience Store Yes

Tenancy & Operations

Currently Operating Yes
Real Estate Included Yes

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $2,500

Building Details

Building Size 3,600 SF
Year Built 1935
Buildings 1
Stories 2
Listing Agency: Berkshire Hathaway HomeServices Northeast Real Estate
Listed By: Britani Holloway · License #927390
Source: Amerorealty
Added: Feb 26 Changed: Nov 8 Last Checked: Nov 8 at 6:09PM

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 Berkshire Hathaway HomeServices Northeast Real Estate

Rey
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Investment Insights

Based on property information with market context.

At 3 Water Street in Grand Lake Stream Plt, the 3,600-square-foot Pine Tree Store combines a general store and lunch counter with a three-bedroom residence on the upper floor. The business sells groceries, sundries, beer, wine, soft drinks, and gasoline. Store equipment and inventory are included in the sale. The building dates to 1935.

A public boat launch is a short distance away, with trails and logging roads in the surrounding area. Grand Lake Stream is known for fly fishing, hunting, paddling, and wildlife, drawing outdoor recreation visitors throughout the year.

Key Highlights

  • 3,600‑square‑foot mixed‑use property with a three‑bedroom residence above the store
  • Sale includes store equipment and inventory
  • Operating general store and lunch counter sells groceries, sundries, beer, wine, soft drinks, and gasoline

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 04668, ME

1,765
Population
1,319
Households
1.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
220.4 sq mi
ZIP Area
8
Density / Sq Mi
$43,173
Median Household Income
$29,349
Median Earnings
$725
Median Rent
$116,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A three-bedroom apartment above the store adds residential space to this operating general store and lunch counter.
Where is this mixed-use property located?
The property is located at 3 Water Street Princeton, ME.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 3,600‑square‑foot mixed‑use property with a three‑bedroom residence above the store; Sale includes store equipment and inventory; Operating general store and lunch counter sells groceries, sundries, beer, wine, soft drinks, and gasoline
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