Freestanding Retail
7 Main Street, Freeport, ME 04032
For Sale
Contact for pricing
ADA-accessible entry, on-site parking, and overflow parking serve a range of commercial uses.
Property Size1,711 SF
Lot Size1.51 Acres
Price / SF$321.45
Days on Market28
Property Features for 7 Main Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Building Details
Buildings
Listing Agency:
CORE
Listed By:
Clay Hardy · License ME SA930400
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 10 at 8:03AM
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.
This freestanding building contains 1,711± SF and sits on 1.51± acres. Its features include ADA accessibility and on-site parking with additional overflow parking. The stated use options include retail, restaurant, medical, service, and office functions.
The property fronts US Route 1/Main Street in Freeport, near downtown’s retail destination, L.L.Bean’s flagship campus, and a mix of national and regional retailers.
The property fronts US Route 1/Main Street in Freeport, near downtown’s retail destination, L.L.Bean’s flagship campus, and a mix of national and regional retailers.
Key Highlights
- 1,711± SF building on 1.51± acres
- Freestanding commercial building along US Route 1/Main Street
- ADA accessibility and on‑site parking with overflow parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,894
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,880
$357.9K
Cap Rate 7%
$255,629
$255.6K
Cap Rate 9%
$198,822
$198.8K
Market Conditions
NOI Build-Up for 1,711 SF
Gross rent
$30.8K $18.00/SF
− Vacancy
−$5.2K −$3.06/SF
EGI
$25.6K $14.94/SF
− OpEx
−$7.7K −$4.48/SF
NOI
$17.9K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,880
Cap Rate 7%
$255,629
Cap Rate 9%
$198,822
Alternative Uses
Best Use
Retail
$255.6K
$223.7K – $298.2K
NOI $17,894 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.3K
$411.5K – $548.7K
NOI $32,919 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 66%
Dining 22%
Shops & Services 6%
Hotels & Casinos 6%
American Eagle Outfitters
Apparel
16,571 visits/mo
0.2 miles
Starbucks
Dining
11,519 visits/mo
0.3 miles
Coach
Apparel
7,454 visits/mo
0.3 miles
Domino's Pizza
Dining
5,170 visits/mo
0.4 miles
Hilton Garden Inn Freeport Downtown
Hotels & Casinos
5,094 visits/mo
0.5 miles
Demographics for 04032, ME
8,737
Population
4,133
Households
2.1
Avg Household Size
47
Median Age
57%
College-Educated
94%
High-School Grad
34.7 sq mi
ZIP Area
252
Density / Sq Mi
$108,864
Median Household Income
$48,222
Median Earnings
$1,436
Median Rent
$445,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Cumberland County, ME
Properties on Market for Retail space in Cumberland County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - ADA-accessible entry, on-site parking, and overflow parking serve a range of commercial uses.
Where is this retail space located?
The property is located at 7 Main Street Freeport, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,711± SF building on 1.51± acres; Freestanding commercial building along US Route 1/Main Street; ADA accessibility and on‑site parking with overflow parking
