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Three-Unit Mixed-Use Property
New
For Sale
$219,000

6 Park Street, Cherryfield, ME 04622

Multi-Family, Cherryfield, ME

Property Size2,320 SF
Lot Size0.04 Acres
Price / SF$94.40
Days on Market1

Property Features for 6 Park Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bathroom 3, Basement, Bathroom 1
Pets allowed No
Basement Full, Dirt Floor
Lot features Level, Historic District, Intown, Neighborhood, Retail Strip
Standard status Active
Size 2,320 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 2717

Utilities

Sewer type Septic Tank
Heating system Natural Gas, Electric (Heating), Heat Pump (Heating)
Cooling system Heat Pump
Water source Well

Amenities

river views

Building Details

Year built 1900
Floors in Building 3
Number of units 3
Flooring type Carpet, Tile, Vinyl, Wood
Building materials Wood Frame, Clapboard, Shingle Siding
Roof type Shingle
Listing Agency: Realty of Maine
Listed By: Heather Knapp
Added: Oct 16 Last Checked: Oct 16 at 7:06PM
MLS# 1684577

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.

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Investment Insights

Based on property information with market context.

This three-unit building in Cherryfield combines a commercial storefront with two residential apartments. The storefront has a half bath, while the first-floor apartment contains two bedrooms. A separate apartment extends across the second and third floors and includes three bedrooms and two bathrooms. The property totals 2,320 square feet on a 0.04-acre lot and was built in 1900. Heating is provided by natural gas, electric heat, and a heat pump; the heat pump also provides cooling. The building needs maintenance and updates.

The property is in an in-town setting and has views of the Narraguagus River. Water is supplied by a well, and the building uses a septic system.

Key Highlights

  • Three units: a storefront and two apartments
  • 2,320 square feet on a 0.04‑acre lot
  • Ground‑floor storefront includes a half bath

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Building Supply Cafe & Coffee Shop Daycare Center

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

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

62
Businesses Nearby

Demographics for 04622, ME

1,310
Population
1,185
Households
1.1
Avg Household Size
51
Median Age
21%
College-Educated
85%
High-School Grad
318.9 sq mi
ZIP Area
4
Density / Sq Mi
$43,000
Median Household Income
$32,633
Median Earnings
$398
Median Rent
$153,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A ground-floor storefront and two apartments share a village building with views of the Narraguagus River.
Where is this mixed-use property located?
The property is located at 6 Park Street Cherryfield, ME.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Three units: a storefront and two apartments; 2,320 square feet on a 0.04‑acre lot; Ground‑floor storefront includes a half bath
More about this property
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