Equestrian Event Property with
For Sale
$2,500,000
4261 Union Street, Levant, ME 04456
Large equestrian compound with arenas, stabling, residences, retail space, and extensive event infrastructure.
Property Size25,134 SF
Price / SF$99.47
Days on Market62
Property Features for 4261 Union Street
General Information
Standard status
Active
Size
25,134 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1900
Listing Agency:
Realty of Maine
Listed By:
Carissa Marsh
(207) 680-3667
Source:
Portsiderealestategroup
Added: Aug 6
Changed: Oct 1
Last Checked: Oct 5 at 8:39PM
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
Investment Insights
Based on property information with market context.
This equestrian property combines nearly 100 acres with a broad range of operating improvements. The compound includes an indoor arena with climate-controlled tack and storage areas plus a viewing and conference room, along with an outdoor arena equipped for events with bleachers, an announcer stand, sound, lighting, and commercial food-service facilities. Horse stalls, animal pens, pastures, a pond, parking, and multiple storage buildings are also included.
Additional improvements support both business and residential use. A retail building is operating on site, and an approximately 5,000-square-foot commercial building contains a conditioned shop, bathroom, and office. The property also has 30 RV hookups, fiber internet with property-wide Wi-Fi, and video surveillance. Residential accommodations include a 2015-built ranch home with 3 bedrooms, 2 baths, one-floor living, an attached 3-car garage, and a walkout basement, plus an updated 4-bedroom, 3-bath farmhouse with a gourmet kitchen, fireplace, billiards room, great room, and attached garage. The property is located at 4261 Union St in Levant, Maine, and is zoned RA.
Additional improvements support both business and residential use. A retail building is operating on site, and an approximately 5,000-square-foot commercial building contains a conditioned shop, bathroom, and office. The property also has 30 RV hookups, fiber internet with property-wide Wi-Fi, and video surveillance. Residential accommodations include a 2015-built ranch home with 3 bedrooms, 2 baths, one-floor living, an attached 3-car garage, and a walkout basement, plus an updated 4-bedroom, 3-bath farmhouse with a gourmet kitchen, fireplace, billiards room, great room, and attached garage. The property is located at 4261 Union St in Levant, Maine, and is zoned RA.
Key Highlights
- Nearly 100 acres with pastures, a pond, parking, horse stalls, and animal pens
- Indoor arena with climate‑controlled tack and storage areas plus viewing and conference space
- Outdoor arena with bleachers, announcer stand, sound, lighting, and commercial food‑service setup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,281
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,205,620
$4.2M
Cap Rate 7%
$3,004,014
$3.0M
Cap Rate 9%
$2,336,456
$2.3M
Market Conditions
NOI Build-Up for 25,134 SF
Gross rent
$361.9K $14.40/SF
− Vacancy
−$61.5K −$2.45/SF
EGI
$300.4K $11.95/SF
− OpEx
−$90.1K −$3.59/SF
NOI
$210.3K $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%
$4,205,620
Cap Rate 7%
$3,004,014
Cap Rate 9%
$2,336,456
Alternative Uses
Best Use
Retail
$3.00M
$2.63M – $3.50M
NOI $210,281 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.12M
$7.10M – $9.47M
NOI $568,229 @ 7.0% cap · market cap 22.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 04456, ME
2,940
Population
1,299
Households
2.3
Avg Household Size
39
Median Age
19%
College-Educated
95%
High-School Grad
30.1 sq mi
ZIP Area
98
Density / Sq Mi
$75,917
Median Household Income
$41,689
Median Earnings
$1,240
Median Rent
$244,800
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Horse & equestrian property - Large equestrian compound with arenas, stabling, residences, retail space, and extensive event infrastructure.
Where is this horse & equestrian property located?
The property is located at 4261 Union Street Levant, ME.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Nearly 100 acres with pastures, a pond, parking, horse stalls, and animal pens; Indoor arena with climate‑controlled tack and storage areas plus viewing and conference space; Outdoor arena with bleachers, announcer stand, sound, lighting, and commercial food‑service setup
