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Grocery and Convenience Store with Residence
For Sale
$565,000

3 Water Street, Princeton, ME 04668

COMMERCIAL - Grand Lake Stream Plt, ME

Property Size3,600 SF
Lot Size1.00 Acre
Price / SF$156.94
Days on Market32

Property Features for 3 Water Street

General Information

Property type Commercial Sale
Property subtype Retail
Rooms Basement
Parking features Other
Basement Walk-Out Access, Full, Unfinished
Lot features Downtown, Rural
Standard status Active
Size 3,600 SF
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2500

Utilities

Sewer type Private Sewer
Heating system Oil, Electric (Heating), Baseboard, Heat Pump (Heating), Hot Water(Heating)
Cooling system Heat Pump
Water source Private
Water front features Lake, Stream
Water front 1

Amenities

three-bedroom residence

Building Details

Year built 1935
Flooring type Wood
Building materials Wood Frame, Brick, Shingle Siding, Vinyl Siding
Roof type Shingle
Listing Agency: Berkshire Hathaway HomeServices Northeast Real Estate · Prudential Real Estate
Listed By: Britani Holloway · License #927390
Added: Jul 16 Changed: Aug 4 Last Checked: Aug 16 at 2:06AM
MLS# 1652775

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Pine Tree Store is a longstanding grocery and convenience store and popular lunch counter serving the Grand Lake Stream area. The property is built on a 1-acre lot and includes a fully stocked general store with groceries, sundries, beer, wine, soft drinks, and gasoline. The sale includes all equipment and inventory, supporting immediate continuation of operations.

A comfortable three-bedroom residence is located above the store, offering flexibility as owner’s quarters or potential rental use. The building was constructed in 1935 and features wood flooring and a mix of construction materials, including wood frame, brick, shingle siding, and vinyl siding. Heating includes oil, heat pump, hot water, baseboard, and electric; cooling is provided by a heat pump.

Water access is supported by waterfront features identified as stream and lake, with private water and private sewer services. The property includes basement space.

Key Highlights

  • 1‑acre lot supporting a store and three‑bedroom residence above
  • 3,600 SF building with basement space
  • Longstanding store built in 1935

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

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

20
Businesses Nearby
Well-served
Demand for This Use

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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Turn-of-the-century country store and lunch counter with a three-bedroom residence above, on waterfront near outdoor recreation.
Where is this grocery and convenience store 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: 1‑acre lot supporting a store and three‑bedroom residence above; 3,600 SF building with basement space; Longstanding store built in 1935
More about this property
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