646 Maine Avenue, Farmingdale, ME 04344

Building Details

Year Built 1900 More

Buildings 1 More

Tenancy Multi More

Listing Agency: LAER h***@laerrealty.com Show Phone

Listed By: Julian Harwood Show Phone

Source: Integrityhomesrealestategroup

Added: Apr 12, 2024 Changed: Nov 11 Last Checked: Nov 11 at 2:02AM

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Investment Insights

Based on property information with market context.

This commercial-zoned mixed-use property combines four apartment units with additional commercial space. Each apartment has its own electric meter and includes appliances. One apartment and the commercial area are currently rented; the other three apartments are vacant. The building dates to 1900.

The property is at 646 Maine Avenue in Farmingdale, Maine. Its commercial space fronts the road, which the source describes as carrying substantial traffic.

Key Highlights

• Four apartment units plus additional commercial space
• One apartment and the commercial space are currently rented; three apartments are vacant
• Each apartment has its own electric meter and includes appliances

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Word Of Faith Healing ... Church

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Grocery & Convenience Store Pharmacy Bakery

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

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

158

Businesses Nearby

Explore this area Business Placement

Demographics for 04344, ME

2,995

Population

1,481

Households

2

Avg Household Size

44

Median Age

40%

College-Educated

95%

High-School Grad

11.2 sq mi

ZIP Area

267

Density / Sq Mi

$60,000

Median Household Income

$34,688

Median Earnings

$928

Median Rent

$205,700

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Kennebec County, ME

$124 Jul

$133 Aug

$133 Sep

$132 Oct

Properties on Market for Mixed-use properties in Kennebec County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Four apartments share the property with rentable street-front commercial space and individual electric meters.

Where is this mixed-use property located?

The property is located at 646 Maine Avenue Farmingdale, ME.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: Four apartment units plus additional commercial space; One apartment and the commercial space are currently rented; three apartments are vacant; Each apartment has its own electric meter and includes appliances