Freestanding Office Building with
594 Stillwater Avenue Old Town, ME 04468
594 Stillwater Avenue, Old Town, ME, 04468
$650,000
For Sale
$650,000
COMMERCIAL - Old Town, ME
Property Size2,500 SF
Lot Size0.63 Acres
Price / SF$260
Days on Market49
Property Features for 594 Stillwater Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-3 Highway Commer
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.63 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6243
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1978
- Flooring type
- Tile, Carpet
- Building materials
- Masonry, Brick
- Roof type
- Shingle
Listing agency
EXP Realty
(888) 439-8743
Listed by
Jamie Brennan
(515) 577-0509
Added: Jun 3 Updated: Jul 13 at 10:31PM Checked: Jul 21 at 12:06PM
MLS# 1656507
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.
The property is a freestanding office building measuring 50 by 50, set on a 0.63-acre lot. The listing identifies it as an office building suitable for professional use, with onsite parking provided for tenant and visitor convenience. The offering is being marketed as a commercial property for sale.
Located at 594 Stillwater Avenue in Old Town, Maine, the site is described as being in a high-traffic location with visibility and easy accessibility. The public remarks note proximity to the University of Maine and downtown Old Town, with a short drive to Bangor. Zoning is listed as C-3 Highway Commer.
This configuration can fit a range of office users looking for a standalone building rather than a shared suite, especially where parking and straightforward access matter. With its highway-commercial zoning designation and visibility in the provided marketing description, the property may be well-suited for organizations that benefit from convenient customer or employee access. Buyers evaluating an owner-occupied scenario or an office-focused acquisition should consider the building’s established standalone format and the on-site parking included with the property.
Located at 594 Stillwater Avenue in Old Town, Maine, the site is described as being in a high-traffic location with visibility and easy accessibility. The public remarks note proximity to the University of Maine and downtown Old Town, with a short drive to Bangor. Zoning is listed as C-3 Highway Commer.
This configuration can fit a range of office users looking for a standalone building rather than a shared suite, especially where parking and straightforward access matter. With its highway-commercial zoning designation and visibility in the provided marketing description, the property may be well-suited for organizations that benefit from convenient customer or employee access. Buyers evaluating an owner-occupied scenario or an office-focused acquisition should consider the building’s established standalone format and the on-site parking included with the property.
Key Highlights
- 50x50 office building
- Masonry brick construction
- Roof: shingle
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 | $54.0k | $21.60 |
| − Vacancy | −$6.9k | −$2.75 |
| EGI | $47.1k | $18.85 |
| − OpEx | −$11.8k | −$4.71 |
| NOI | $35.3k | $14.14 |
2,500 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
Alternative Uses
Best Use
Office B
$504.9K
$441.8K – $589.0K
NOI $35,340 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$807.4K
$706.5K – $942.0K
NOI $56,520 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dead River Company
Oil & Natural Gas Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - For-sale office building offering onsite parking and convenient access in a high-traffic commercial area.
Where is this office building located?
The property is located at 594 Stillwater Avenue Old Town, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 50x50 office building; Masonry brick construction; Roof: shingle
