Mixed-Use Property with
New
For Sale
$498,500
427 Main Street, Norway, ME 04268
Commercial Sale, Norway, ME
Property Size2,300 SF
Lot Size0.07 Acres
Price / SF$216.74
Days on Market2
Property Features for 427 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Rooms
Basement
Basement
Unfinished
Lot features
Downtown, Retail Strip
Standard status
Active
Size
2,300 SF
Lot size
0.07 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2168
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Oil
Water source
Public
Building Details
Year built
1900
Number of units
3
Buildings
1
Listing Agency:
Portside Real Estate Group
(207) 495-3700
Listed By:
Emily Theriault
(207) 716-6335
Added: Oct 23
Last Checked: Oct 24 at 11:06AM
MLS# 1685483
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
Based on property information with market context.
This 2,300-square-foot mixed-use building combines a first-floor restaurant space with two one-bedroom apartments on the upper level. The apartments have been renovated, and the commercial area includes outdoor seating. The property also has on-site parking and is zoned Commercial.
Improvements made since 2019 include a replacement heating system in 2020, first-floor window and flooring updates, heat pumps, and electrical and plumbing upgrades. New exterior stairs serve the residential units. Built in 1900, the building has public water and public sewer, with electric and oil heating.
Improvements made since 2019 include a replacement heating system in 2020, first-floor window and flooring updates, heat pumps, and electrical and plumbing upgrades. New exterior stairs serve the residential units. Built in 1900, the building has public water and public sewer, with electric and oil heating.
Key Highlights
- 2,300 square feet on a 0.07‑acre lot
- Ground‑floor restaurant space with outdoor seating
- Two renovated one‑bedroom apartments
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor dining space is paired with two one-bedroom apartments and outdoor seating.
Where is this mixed-use property located?
The property is located at 427 Main Street 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 feet on a 0.07‑acre lot; Ground‑floor restaurant space with outdoor seating; Two renovated one‑bedroom apartments
