Three-Story Mixed-Use
For Sale
$1,000,000
4 Colonial Way, Machias, ME 04654
Six street-level commercial spaces are paired with four apartments in a combined business and residential property.
Property Size13,226 SF
Price / SF$75.61
Days on Market294
Property Features for 4 Colonial Way
General Information
Standard status
Active
Size
13,226 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
[]
Units
Unit Mix
2 x 1BR, 2 x 2BR
Multifamily Units
4
Additional Details
Road Access
Yes
Building Details
Year Built
1928
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
Listed By:
Karen Eldridge
(207) 680-3667
Source:
Portsiderealestategroup
Added: Nov 8, 2025
Changed: Aug 28
Last Checked: Aug 28 at 8:21PM
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 Better Homes & Gardens Real Estate/The Masiello Group
Investment Insights
Based on property information with market context.
Built in 1928, this three-story property combines street-facing commercial space with residential units in a single building. The ground level contains 6 commercial spaces with direct street entrances, while the upper portions include 4 apartments: 2 one-bedroom units and 2 two-bedroom units. The property contains 13,226 square feet overall and is reported at 100% occupancy.
Situated at 4 Colonial Way in Machias, the building is positioned within the town’s riverfront and central business area. Bad Little Falls Park, Main Street, concerts, events, shopping, restaurants, and banking are identified as nearby town destinations. The architecture is visible from much of the community, and the building dates to 1928.
Situated at 4 Colonial Way in Machias, the building is positioned within the town’s riverfront and central business area. Bad Little Falls Park, Main Street, concerts, events, shopping, restaurants, and banking are identified as nearby town destinations. The architecture is visible from much of the community, and the building dates to 1928.
Key Highlights
- 13,226‑square‑foot, three‑story mixed‑use building constructed in 1928
- 6 street‑entry commercial spaces
- 4 apartments: 2 one‑bedroom and 2 two‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 04654, ME
3,312
Population
1,928
Households
1.7
Avg Household Size
45
Median Age
25%
College-Educated
89%
High-School Grad
120.8 sq mi
ZIP Area
27
Density / Sq Mi
$48,049
Median Household Income
$28,889
Median Earnings
$721
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six street-level commercial spaces are paired with four apartments in a combined business and residential property.
Where is this mixed-use property located?
The property is located at 4 Colonial Way Machias, ME.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 13,226‑square‑foot, three‑story mixed‑use building constructed in 1928; 6 street‑entry commercial spaces; 4 apartments: 2 one‑bedroom and 2 two‑bedroom units
