Renovated Mixed-Use Building with Coin
34 Abbott Street Brewer, ME 04412
34 Abbott Street, Brewer, ME, 04412
$4,100,000
For Sale
$4,100,000
COMMERCIAL - Brewer, ME
Property Size47,451 SF
Lot Size6.01 Acres
Price / SF$86.40
Days on Market11
Property Features for 34 Abbott Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Offsite
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 47,451 SF
- Lot size
- 6.01 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 54909
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1955
- Number of units
- 13
- Flooring type
- Concrete
- Building materials
- Masonry, Brick
- Roof type
- Flat, Membrane
Listing Agency
Pro Realty
(207) 947-6463
4 Union Street, Bangor, ME
Listed by
David Giroux
(207) 745-8118
Added: Jul 10 Checked: Jul 20 at 8:06 pm
MLS# 1665525
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.
Completely renovated in 2012, this mixed-use property offers 13 commercial suites occupied by 7 commercial tenants and four modern apartments on the second floor. The residential units include three 2-bedroom apartments and one 1-bedroom apartment, and all apartments feature dishwashers and ice makers. An on-site coin laundry serves the building, and tenants pay their own heat, lights, A/C, and electricity.
The property is zoned Commercial and totals 47,451 square feet on 6.01 acres at 34 Abbott Street in Brewer, ME (04412). The listing reports a 98% occupancy rate for 14 years and a current NOI of $294,858. Rents are believed to be below market.
The property is zoned Commercial and totals 47,451 square feet on 6.01 acres at 34 Abbott Street in Brewer, ME (04412). The listing reports a 98% occupancy rate for 14 years and a current NOI of $294,858. Rents are believed to be below market.
Key Highlights
- Completely renovated in 2012; year built 1955 with brick masonry construction and concrete flooring.
- 98% occupancy rate for 14 years; currently 13 commercial suites occupied by 7 commercial tenants.
- Second‑floor apartments: 4 total units—three 2BR and one 1BR; each apartment includes a dishwasher and ice maker.
Local Financial Insights For Mixed Use
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 | $597.9k | $12.60 |
| − Vacancy | −$53.8k | −$1.13 |
| EGI | $544.1k | $11.47 |
| − OpEx | −$204.0k | −$4.30 |
| NOI | $340.0k | $7.17 |
47,451 SF · lease $12.60/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$6.21M
$5.44M – $7.25M
NOI $434,862 @ 7.0% cap · market cap 10.61%
Second Best
Apartment 5plus
$5.71M
$5.00M – $6.67M
NOI $399,958 @ 7.0% cap · market cap 9.76%
Theoretical Best
Office A
$15.33M
$13.41M – $17.88M
NOI $1,072,772 @ 7.0% cap · market cap 26.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bangor Brewer Athletic ...
Gym & Fitness Center
Titan Athletics
Gym & Fitness Center
Helping Hands Maintenance ...
Landscaping
GAFTEK Inc.
Warehouse & Storage
The Bearded Mainer Photography
Wedding Service
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Renovated mixed-use building with 13 commercial suites and four apartments plus on-site coin laundry.
Where is this mixed-use property located?
The property is located at 34 Abbott Street Brewer, ME.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Completely renovated in 2012; year built 1955 with brick masonry construction and concrete flooring.; 98% occupancy rate for 14 years; currently 13 commercial suites occupied by 7 commercial tenants.; Second‑floor apartments: 4 total units—three 2BR and one 1BR; each apartment includes a dishwasher and ice maker.
