Building Details

Year built 1972

Flooring type Wood, Carpet

Building materials Wood Frame, Vinyl Siding

Roof type Metal

Listing Agency: RE/MAX Shoreline · RE/MAX International d***@homesinmaine.com Show Phone

Listed By: Robert Whisenant · License #BA904574 Show Phone

Added: Jul 11 Changed: Sep 14 Last Checked: Oct 6 at 6:06PM

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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.

Set on 200 acres of woods, streams, and small fields, this mixed-use property pairs a residence with substantial work and storage improvements. The 3,048-square-foot home includes 3 bedrooms, 2.5 baths, a dining room, dedicated office, and two lofts. Wood finishes, natural light, carpet and wood flooring, forced-air, wood, and oil heating, plus a metal roof complete the interior and building profile.

A full workshop supports project and fabrication needs, while the detached garage has 10-foot and 12-foot overhead doors, a hydraulic car lift, and room for trucks, machinery, recreational vehicles, or commercial tools. Private water and private sewer serve the property, which is zoned Gen Dev/Rural. Located at 56 Buzzell Lane in Greene, Maine, the parcel offers a combined residential, workspace, and equipment-storage configuration.

Key Highlights

• 200 acres with woods, streams, and small fields
• 3,048‑square‑foot residence with 3 bedrooms, 2.5 baths, an office, and two lofts
• Detached garage with 10‑foot and 12‑foot overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,390

Cap Rate

6.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$987,800 $987.8K

Cap Rate 7%

$705,571 $705.6K

Cap Rate 9%

$548,778 $548.8K

Market Conditions

NOI Build-Up for 3,048 SF

Gross rent

$75.3K $24.72/SF

− Vacancy

−$9.5K −$3.11/SF

EGI

$65.9K $21.61/SF

− OpEx

−$16.5K −$5.40/SF

NOI

$49.4K $16.20/SF

Area

Androscoggin County, ME

Vacancy

12.60%

Lease Rate

$24.72 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$987,800

Cap Rate 7%

$705,571

Cap Rate 9%

$548,778

Alternative Uses

Best Use

Office B

$705.6K

$617.4K – $823.2K (±1% cap)

NOI $49,390 @ 7.0% cap · market cap 6.59%

Second Best

Mixed Use

$513.8K

$449.5K – $599.4K (±1% cap)

NOI $35,963 @ 7.0% cap · market cap 4.80%

Theoretical Best

Warehouse

$5.41M

$4.74M – $6.32M (±1% cap)

NOI $378,943 @ 7.0% cap · market cap 50.53%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Building Supply Storage Facility Electrical Service Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 04236, ME

4,376

Population

1,847

Households

2.4

Avg Household Size

46

Median Age

20%

College-Educated

94%

High-School Grad

32.3 sq mi

ZIP Area

135

Density / Sq Mi

$91,736

Median Household Income

$49,705

Median Earnings

$1,106

Median Rent

$238,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - A live-work property combines residential amenities with workshop, storage, and detached garage functionality.

Where is this mixed-use property located?

The property is located at 56 Buzzell Lane Greene, ME.

What is the asking price?

The asking price for this property is $749,900.

What are key features of this property?

This property features: 200 acres with woods, streams, and small fields; 3,048‑square‑foot residence with 3 bedrooms, 2.5 baths, an office, and two lofts; Detached garage with 10‑foot and 12‑foot overhead doors