Mixed-Use Building with
For Sale
$498,500
427 Main St, Norway, ME 04268
First-floor dining space is paired with two updated apartments and on-site parking.
Property Size2,300 SF
Price / SF$216.74
Days on Market9
Property Features for 427 Main St
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x one-bedroom
Multifamily Units
2
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Road Access
Yes
Patio
Yes
Building Details
Year Built
1900
Buildings
1
Listed By:
Crown Lakes Realty
(207) 436-8889
Source:
Crownlakesrealty
Added: Oct 24
Changed: Oct 26
Last Checked: Nov 1 at 5:32AM
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 Crown Lakes Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this 2,300-square-foot mixed-use property combines a first-floor restaurant with two one-bedroom apartments upstairs. The restaurant includes outdoor seating, and parking is available on site. Dolce Amici currently occupies the commercial space.
Improvements made since 2019 include renovated apartments, updated first-floor windows and flooring, energy-efficient heat pumps, and electrical and plumbing upgrades. A new heating system was installed in 2020, and exterior stairs provide access to the upper residences. The property is at 427 Main St in downtown Norway, Maine, among shops, restaurants, and galleries.
Improvements made since 2019 include renovated apartments, updated first-floor windows and flooring, energy-efficient heat pumps, and electrical and plumbing upgrades. A new heating system was installed in 2020, and exterior stairs provide access to the upper residences. The property is at 427 Main St in downtown Norway, Maine, among shops, restaurants, and galleries.
Key Highlights
- 2,300‑square‑foot mixed‑use property built in 1900
- First‑floor restaurant space with outdoor seating; currently occupied by Dolce Amici
- Two renovated one‑bedroom apartments on the upper floor
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 04268, ME
5,077
Population
2,869
Households
1.8
Avg Household Size
48
Median Age
23%
College-Educated
90%
High-School Grad
45.0 sq mi
ZIP Area
113
Density / Sq Mi
$53,162
Median Household Income
$35,897
Median Earnings
$758
Median Rent
$184,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor dining space is paired with two updated apartments and on-site parking.
Where is this mixed-use property located?
The property is located at 427 Main St Norway, ME.
What is the asking price?
The asking price for this property is $498,500.
What are key features of this property?
This property features: 2,300‑square‑foot mixed‑use property built in 1900; First‑floor restaurant space with outdoor seating; currently occupied by Dolce Amici; Two renovated one‑bedroom apartments on the upper floor
