Live-Work Property with
56 Buzzell Lane Greene, ME 04236
56 Buzzell Lane, Greene, ME, 04236
$899,900
For Sale
$899,900
COMMERCIAL - Greene, ME
Property Size3,048 SF
Lot Size200.00 Acres
Price / SF$295.24
Days on Market25
Property Features for 56 Buzzell Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Gen Dev/Rural
- Rooms
- Basement
- Basement
- Partial, Unfinished
- Standard status
- Active
- Size
- 3,048 SF
- Lot size
- 200.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6974
Utilities
- Sewer type
- Private Sewer
- Heating system
- Forced Air, Wood, Oil
- Water source
- Private
Building Details
- Year built
- 1972
- Flooring type
- Wood, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Metal
Listing Agency
RE/MAX Shoreline
(207) 553-7500
The Common at 88 Middle St, Portland, ME
Listed by
Robert Whisenant · License #BA904574
(207) 751-7231
Added: Jun 26 Checked: Jul 20 at 6:06 am
MLS# 1661714
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.
Investment Insights
Based on property information with market context.
A live-work property combining residential space with substantial workspace and storage. The home includes 3 bedrooms, 2.5 baths, a dining room, a dedicated office, and two lofts. Interior features noted include warm wood finishes, generous natural light, and a rustic-modern feel. On the property, there is a full workshop and a large, detached garage equipped with 10-foot and 12-foot overhead doors and a hydraulic car lift, designed to support equipment, vehicles, and project work.
The property sits on over 200 acres of woods, streams, and small fields, with the privacy and open setting that comes with a large parcel.
Overall, the configuration provides both day-to-day living space and on-site improvements for building, maintaining, and storing equipment and vehicles.
The property sits on over 200 acres of woods, streams, and small fields, with the privacy and open setting that comes with a large parcel.
Overall, the configuration provides both day-to-day living space and on-site improvements for building, maintaining, and storing equipment and vehicles.
Key Highlights
- Home built in 1972 with wood frame construction and vinyl siding
- Metal roof and mixed flooring including wood and carpet
- Heating includes forced air plus wood and oil heat options
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.3k | $24.72 |
| − Vacancy | −$9.5k | −$3.11 |
| EGI | $65.9k | $21.61 |
| − OpEx | −$16.5k | −$5.40 |
| NOI | $49.4k | $16.20 |
3,048 SF · lease $24.72/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$5.41M
$4.74M – $6.32M
NOI $378,943 @ 7.0% cap · market cap 42.11%
Second Best
Industrial
$4.46M
$3.90M – $5.20M
NOI $312,071 @ 7.0% cap · market cap 34.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Detached garage with 10-foot and 12-foot overhead doors plus a hydraulic car lift, paired with a 3-bedroom home and workshop.
Where is this flex space located?
The property is located at 56 Buzzell Lane Greene, ME.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Home built in 1972 with wood frame construction and vinyl siding; Metal roof and mixed flooring including wood and carpet; Heating includes forced air plus wood and oil heat options
