Mixed-Use Storefront with
392 S Main Street, Brewer, ME 04412
For Sale
$200,000
CB-zoned property includes a street-level commercial space and an upstairs one-bedroom residence.
Property Size1,728 SF
Price / SF$115.74
Days on Market1045
Property Features for 392 S Main Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Susan Roberts
(207) 989-4229
Source:
Integrityhomesrealestategroup
Added: Jan 4, 2024
Changed: Nov 11
Last Checked: Nov 13 at 6:13PM
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 Realty of Maine
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Investment Insights
Based on property information with market context.
This 1,728-square-foot mixed-use building, constructed in 1910, pairs a storefront with a one-bedroom, one-bath apartment on the upper floor. The apartment connects internally to the storefront and also has its own side entrance. The commercial space features large windows and an entrance ramp, while the paved parking area is fenced and gated and accommodates more than 10 vehicles.
Driveway access is available from both Pendleton Street and South Main Street. The property is less than half a mile from I-395 Exit and sits on Route 15/South Main Street, where the Maine DOT traffic count exceeds 13,000 vehicles per day. It is also on the public bus route, less than a quarter mile from Brewer Community School, and within walking distance of several local parks. Zoning is CB.
Driveway access is available from both Pendleton Street and South Main Street. The property is less than half a mile from I-395 Exit and sits on Route 15/South Main Street, where the Maine DOT traffic count exceeds 13,000 vehicles per day. It is also on the public bus route, less than a quarter mile from Brewer Community School, and within walking distance of several local parks. Zoning is CB.
Key Highlights
- CB zoning
- 1,728‑square‑foot mixed‑use building built in 1910
- Storefront with large windows and an entrance ramp
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,457
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,140
$289.1K
Cap Rate 7%
$206,529
$206.5K
Cap Rate 9%
$160,633
$160.6K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$24.9K $14.40/SF
− Vacancy
−$4.2K −$2.45/SF
EGI
$20.7K $11.95/SF
− OpEx
−$6.2K −$3.59/SF
NOI
$14.5K $8.37/SF
Area
Penobscot County, ME
Vacancy
17.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,140
Cap Rate 7%
$206,529
Cap Rate 9%
$160,633
Alternative Uses
Best Use
Retail
$206.5K
$180.7K – $241.0K
NOI $14,457 @ 7.0% cap · market cap 7.23%
Second Best
Mixed Use
$176.9K
$154.8K – $206.4K
NOI $12,383 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$558.1K
$488.3K – $651.1K
NOI $39,067 @ 7.0% cap · market cap 19.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
13,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Penobscot County, ME
Properties on Market for Mixed-use properties in Penobscot County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CB-zoned property includes a street-level commercial space and an upstairs one-bedroom residence.
Where is this mixed-use property located?
The property is located at 392 S Main Street Brewer, ME.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: CB zoning; 1,728‑square‑foot mixed‑use building built in 1910; Storefront with large windows and an entrance ramp
