Streetfront Mixed-Use
For Sale
$2,500,000
64 Maine Street, Brunswick, ME 04011
Substantial commercial building in an established pedestrian-oriented district near restaurants, retailers, galleries, and professional services.
Property Size16,106 SF
Price / SF$155.22
Days on Market70
Property Features for 64 Maine Street
General Information
Standard status
Active
Size
16,106 SF
Property subtype
Commercial
Building Details
Year Built
1855
Listing Agency:
CORE
Listed By:
Nicholas Mills · License #SA930488
(603) 433-3350
Source:
Greatislandrealty
Added: Aug 14
Changed: Oct 21
Last Checked: Oct 20 at 11:44PM
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 CORE
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Investment Insights
Based on property information with market context.
The property at 64 Maine Street is a mixed-use commercial building containing approximately 16,106 SF of gross building area. Its prominent street-facing position places it within an established commercial setting in downtown Brunswick, where the surrounding environment includes restaurants, specialty retailers, galleries, professional services, and destination-oriented businesses.
Maine Street forms the center of Brunswick’s historic commercial district and offers a pedestrian-oriented setting with locally owned businesses. Bowdoin College, downtown dining, shopping, arts, and cultural attractions contribute to activity in the area. Brunswick Station and Amtrak Downeaster service provide regional rail connections to Portland and Boston, adding transportation access for employees, customers, residents, and visitors.
Maine Street forms the center of Brunswick’s historic commercial district and offers a pedestrian-oriented setting with locally owned businesses. Bowdoin College, downtown dining, shopping, arts, and cultural attractions contribute to activity in the area. Brunswick Station and Amtrak Downeaster service provide regional rail connections to Portland and Boston, adding transportation access for employees, customers, residents, and visitors.
Key Highlights
- Approximately 16,106 SF of gross building area
- 64 Maine Street address in downtown Brunswick
- Prominent street‑facing position within an established commercial setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,037
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,000,740
$4.0M
Cap Rate 7%
$2,857,671
$2.9M
Cap Rate 9%
$2,222,633
$2.2M
Market Conditions
NOI Build-Up for 16,106 SF
Gross rent
$347.9K $21.60/SF
− Vacancy
−$27.8K −$1.73/SF
EGI
$320.1K $19.87/SF
− OpEx
−$120.0K −$7.45/SF
NOI
$200.0K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,000,740
Cap Rate 7%
$2,857,671
Cap Rate 9%
$2,222,633
Alternative Uses
Best Use
Mixed Use
$2.86M
$2.50M – $3.33M
NOI $200,037 @ 7.0% cap · market cap 8.00%
Second Best
Retail
$2.41M
$2.11M – $2.81M
NOI $168,437 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$4.43M
$3.87M – $5.16M
NOI $309,872 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
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Business Placement
Demographics for 04011, ME
21,756
Population
9,440
Households
2.3
Avg Household Size
44
Median Age
52%
College-Educated
96%
High-School Grad
46.8 sq mi
ZIP Area
465
Density / Sq Mi
$74,102
Median Household Income
$40,075
Median Earnings
$1,341
Median Rent
$343,600
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Substantial commercial building in an established pedestrian-oriented district near restaurants, retailers, galleries, and professional services.
Where is this mixed-use property located?
The property is located at 64 Maine Street Brunswick, ME.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 16,106 SF of gross building area; 64 Maine Street address in downtown Brunswick; Prominent street‑facing position within an established commercial setting
