Live-Work Retail and
664 Maine Avenue Farmingdale, ME 04344
New
For Sale
$350,000
COMMERCIAL - Farmingdale, ME
Property Size1,472 SF
Lot Size0.32 Acres
Price / SF$237.77
Days on Market2
Property Features for 664 Maine Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 1,472 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 2711
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Propane (Heating), Oil, Kerosene
- Water source
- Public
Building Details
- Year built
- 1950
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl Siding, Other Exterior
- Roof type
- Shingle
Listing Agency:
Sprague & Curtis Real Estate
(207) 623-1123
Listed By:
Tyler Gaudet
(207) 623-1123
Added: Jul 23
Last Checked: Jul 24 at 9:06AM
MLS# 1665004
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 at 664 Maine Avenue pairs a one-bedroom home with an established commercial space currently operating as a salon. The residential portion offers a separate living layout, while the commercial space is set up for customer-facing use.
The building sits on a high-visibility road, providing exposure for the salon, and the site includes a spacious parking lot with room for customers, tenants, and guests.
With both residential and active commercial components on one parcel, the property is designed to support flexible live-and-work use or multiple income streams through the home and the salon space.
The building sits on a high-visibility road, providing exposure for the salon, and the site includes a spacious parking lot with room for customers, tenants, and guests.
With both residential and active commercial components on one parcel, the property is designed to support flexible live-and-work use or multiple income streams through the home and the salon space.
Key Highlights
- 1950‑built property with a 1‑bedroom home plus an established commercial space operating as a salon
- Salon commercial space offers customer access and strong visibility on a high‑visibility road
- Spacious parking lot for customers, tenants, and guests
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 | $31.8k | $21.60 |
| − Vacancy | −$4.1k | −$2.75 |
| EGI | $27.7k | $18.85 |
| − OpEx | −$6.9k | −$4.71 |
| NOI | $20.8k | $14.14 |
1,472 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
Alternative Uses
Best Use
Office B
$297.3K
$260.1K – $346.8K
NOI $20,808 @ 7.0% cap · market cap 5.95%
Second Best
Mixed Use
$216.9K
$189.8K – $253.1K
NOI $15,186 @ 7.0% cap · market cap 4.34%
Theoretical Best
Warehouse
$2.20M
$1.92M – $2.56M
NOI $153,726 @ 7.0% cap · market cap 43.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Property combines a one-bedroom home with an operating salon and customer parking on a high-visibility road.
Where is this live-work space located?
The property is located at 664 Maine Avenue Farmingdale, ME.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1950‑built property with a 1‑bedroom home plus an established commercial space operating as a salon; Salon commercial space offers customer access and strong visibility on a high‑visibility road; Spacious parking lot for customers, tenants, and guests
