Mixed-Use Building with
44 Market Street, North Berwick, ME 03906
For Sale
$375,000
Commercial zoning and a former apartment level complement the building’s present restaurant layout.
Property Size2,324 SF
Price / SF$161.36
Days on Market519
Property Features for 44 Market Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Equipment Included
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Listing Agency:
Meservier & Associates
(207) 784-2525
Listed By:
Rodney Charest
(207) 576-4953
Source:
Integrityhomesrealestategroup
Added: Jun 11, 2025
Changed: Nov 11
Last Checked: Nov 11 at 2:29AM
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 Meservier & Associates
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Investment Insights
Based on property information with market context.
At 44 Market Street, this 2,324-square-foot mixed-use building is currently configured for restaurant use, with dining and kitchen areas on the main floor. The upper story was previously used as apartments and may be used that way again. Restaurant equipment is not included in the real estate sale but may be purchased separately. The property is zoned Commercial.
The building is in downtown North Berwick, near shops, services, and town amenities, with access to Route 9 and I-95.
The building is in downtown North Berwick, near shops, services, and town amenities, with access to Route 9 and I-95.
Key Highlights
- 2,324‑square‑foot mixed‑use building
- Main floor currently arranged for restaurant use, with dining and kitchen areas
- Upper level previously served as apartments and may be used in that capacity again
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,864
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,280
$577.3K
Cap Rate 7%
$412,343
$412.3K
Cap Rate 9%
$320,711
$320.7K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$50.2K $21.60/SF
− Vacancy
−$4.0K −$1.73/SF
EGI
$46.2K $19.87/SF
− OpEx
−$17.3K −$7.45/SF
NOI
$28.9K $12.42/SF
Area
York County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,280
Cap Rate 7%
$412,343
Cap Rate 9%
$320,711
Alternative Uses
Best Use
Mixed Use
$412.3K
$360.8K – $481.1K
NOI $28,864 @ 7.0% cap · market cap 7.70%
Second Best
Specialty Retail
$401.5K
$351.4K – $468.5K
NOI $28,108 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$736.7K
$644.6K – $859.5K
NOI $51,569 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 03906, ME
4,990
Population
2,237
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
95%
High-School Grad
38.3 sq mi
ZIP Area
130
Density / Sq Mi
$95,762
Median Household Income
$43,272
Median Earnings
$1,019
Median Rent
$385,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in York County, ME
Properties on Market for Mixed-use properties in York County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning and a former apartment level complement the building’s present restaurant layout.
Where is this mixed-use property located?
The property is located at 44 Market Street North Berwick, ME.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,324‑square‑foot mixed‑use building; Main floor currently arranged for restaurant use, with dining and kitchen areas; Upper level previously served as apartments and may be used in that capacity again
