Equestrian Event Center With
4261 Union Street, Levant, ME 04456
For Sale
$2,500,000
Commercial Sale, Levant, ME
Property Size25,134 SF
Lot Size93.84 Acres
Price / SF$99.47
Days on Market95
Property Features for 4261 Union Street
General Information
Property type
Property subtype
Zoning
Rooms
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
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Building Details
Year built
Flooring type
Building materials
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Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Carissa Marsh
(207) 974-6606
Added: Aug 8
Changed: Nov 3
Last Checked: Nov 10 at 10:06AM
MLS# 1675369
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.
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Investment Insights
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Set on 93.84 acres in Levant, this equestrian property combines commercial, agricultural, residential, and event-oriented improvements. The site includes a retail store, an indoor arena with climate-controlled tack and storage areas, and a viewing, conference, and meeting room. An outdoor arena provides commercial food-service infrastructure, bleacher seating, an announcer stand, sound, and lighting. Horse stalls, animal pens, pastures, a pond, parking, and several storage buildings are also included.
A nearly 5,000-square-foot commercial building contains a conditioned shop, bathroom, and office. The property also has 30 RV hookups, fiber internet with sitewide Wi-Fi, and video surveillance. Two year-round residences are present: an updated 4-bedroom, 3-bath farmhouse with a custom kitchen, fireplaces, billiards room, great room, and attached garage, plus a 2015-built 3-bedroom, 2-bath ranch with one-floor living, an attached 3-car garage, and a walkout basement. The ranch is identified as available for separate purchase.
A nearly 5,000-square-foot commercial building contains a conditioned shop, bathroom, and office. The property also has 30 RV hookups, fiber internet with sitewide Wi-Fi, and video surveillance. Two year-round residences are present: an updated 4-bedroom, 3-bath farmhouse with a custom kitchen, fireplaces, billiards room, great room, and attached garage, plus a 2015-built 3-bedroom, 2-bath ranch with one-floor living, an attached 3-car garage, and a walkout basement. The ranch is identified as available for separate purchase.
Key Highlights
- 93.84‑acre equestrian property in Levant, ME
- Indoor arena with climate‑controlled tack/storage and viewing, conference, and meeting room
- Outdoor arena with commercial food‑service setup, bleachers, announcer stand, sound, and lighting
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.
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Trade Area within ½ mile
7
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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
Frequently Asked Questions
What type of property is this?
Horse & equestrian property - Horse-focused commercial property with retail, hospitality, residential, arena, storage, and agricultural improvements.
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: 93.84‑acre equestrian property in Levant, ME; Indoor arena with climate‑controlled tack/storage and viewing, conference, and meeting room; Outdoor arena with commercial food‑service setup, bleachers, announcer stand, sound, and lighting
