3-Unit Office
For Sale
$350,000
59-63 Main Street, Livermore Falls, ME 04254
Each suite has a private bathroom and kitchenette sink, and one space includes plumbing for salon use.
Property Size1,624 SF
Price / SF$215.52
Days on Market41
Property Features for 59-63 Main Street
General Information
Standard status
Active
Size
1,624 SF
Property subtype
General Commercial
Additional Details
Road Access
Yes
Office Units
3
Taxes and HOA fees
Annual Taxes
$2,912
Building Details
Building Size
1,624 SF
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Allied Realty
Listed By:
Erica Haywood
(207) 491-2827
Source:
Hoangrealty
Added: Sep 22
Changed: Oct 27
Last Checked: Oct 31 at 2:39PM
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 Allied 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.
This single-story office property contains three units across 1,624 square feet. Each unit has a private bathroom and kitchenette sink; one also has plumbing suited to a salon setup. Parking is available on site.
The building is on Main Street in downtown Livermore Falls, near the convergence of Routes 2 and 17.
The building is on Main Street in downtown Livermore Falls, near the convergence of Routes 2 and 17.
Key Highlights
- Three units in a 1,624‑square‑foot building
- Single‑story configuration
- Private bathroom and kitchenette sink in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,315
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,300
$526.3K
Cap Rate 7%
$375,929
$375.9K
Cap Rate 9%
$292,389
$292.4K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$40.1K $24.72/SF
− Vacancy
−$5.1K −$3.11/SF
EGI
$35.1K $21.61/SF
− OpEx
−$8.8K −$5.40/SF
NOI
$26.3K $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%
$526,300
Cap Rate 7%
$375,929
Cap Rate 9%
$292,389
Alternative Uses
Best Use
Office B
$375.9K
$328.9K – $438.6K
NOI $26,315 @ 7.0% cap · market cap 7.52%
Second Best
Retail
$242.6K
$212.3K – $283.1K
NOI $16,984 @ 7.0% cap · market cap 4.85%
Theoretical Best
Warehouse
$2.88M
$2.52M – $3.37M
NOI $201,904 @ 7.0% cap · market cap 57.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 04254, ME
3,060
Population
1,676
Households
1.8
Avg Household Size
39
Median Age
16%
College-Educated
93%
High-School Grad
19.7 sq mi
ZIP Area
155
Density / Sq Mi
$44,535
Median Household Income
$31,898
Median Earnings
$823
Median Rent
$162,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Each suite has a private bathroom and kitchenette sink, and one space includes plumbing for salon use.
Where is this office building located?
The property is located at 59-63 Main Street Livermore Falls, ME.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three units in a 1,624‑square‑foot building; Single‑story configuration; Private bathroom and kitchenette sink in each unit
