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Mixed-Use Quadplex with Office Shop
For Sale
$1,100,000

62 Spring Street, Ellsworth, ME 04605

Quadplex built in 2003 is connected to office and heated shop space, with cold storage on-site.

Property Size5,524 SF
Lot Size1.48 Acres
Price / SF$199.13
Days on Market214

Property Features for 62 Spring Street

General Information

Standard status Active
Size 5,524 SF
Lot size 1.48 Acres
Property subtype Multi-family

Additional Details

Road Access Yes
Multifamily Units 4

Building Details

Year Built 2003
Listing Agency: Realty of Maine
Listed By: Travis Coffin
Source: Profoundrealestate
Added: Feb 10 Changed: Sep 10 Last Checked: Sep 11 at 2:06PM

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 Realty of Maine

Investment Insights

Based on property information with market context.

Located at 62 Spring Street in Ellsworth, this in-town mixed-use property combines residential and commercial improvements under one roofline of uses. The centerpiece is a 4,798 sq. ft. 4-unit apartment building constructed in 2003, connected to a 2,653 sq. ft. office and heated shop space. A separate 2,240 sq. ft. cold-storage building adds additional functional flexibility, and there is also a separate detached garage for extra storage.

The site has direct access to both Spring Street and Birch Avenue, supporting practical on-site parking and convenient ingress/egress for multiple uses.

With residential units plus office and shop space, along with heated and cold storage components, the property is configured for tenants who want integrated operations or investors seeking a multi-component income-producing setup.

Key Highlights

  • 4,798 SF 4‑unit apartment building built in 2003
  • Connected to 2,653 SF office and heated shop space
  • 2,240 SF cold‑storage building with direct access

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Kitchen & Bath Showroom HVAC Service

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

4
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

891
Businesses Nearby

Demographics for 04605, ME

13,651
Population
9,188
Households
1.5
Avg Household Size
47
Median Age
39%
College-Educated
96%
High-School Grad
265.4 sq mi
ZIP Area
51
Density / Sq Mi
$72,083
Median Household Income
$42,262
Median Earnings
$983
Median Rent
$230,900
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 Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Quadplex built in 2003 is connected to office and heated shop space, with cold storage on-site.
Where is this quadplex located?
The property is located at 62 Spring Street Ellsworth, ME.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,798 SF 4‑unit apartment building built in 2003; Connected to 2,653 SF office and heated shop space; 2,240 SF cold‑storage building with direct access
More about this property
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