Live-Work Property with Detached
732 Main Street, Corinth, ME 04427
For Sale
$524,000
A three-bedroom residence and a separately heated outbuilding occupy a parcel zoned for residential and commercial use.
Property Size2,455 SF
Price / SF$213.44
Days on Market97
Property Features for 732 Main Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
NextHome Experience
(207) 573-7400
Listed By:
Cassie Pelletier-Cyr
(207) 447-0860
Source:
Amerorealty
Added: Aug 4
Changed: Nov 7
Last Checked: Nov 7 at 4:28PM
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 NextHome Experience
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Investment Insights
Based on property information with market context.
This live-work property pairs a three-bedroom residence with a detached building completed in 2020. The additional building has its own heating system and was previously used as a salon. The residence is set back from Main Street, and the property spans just over an acre.
Zoning is designated Resident/Commercial. A furnace was installed in 2025, and multiple heating sources are present across the property.
Zoning is designated Resident/Commercial. A furnace was installed in 2025, and multiple heating sources are present across the property.
Key Highlights
- Three‑bedroom residence on just over an acre
- Detached building completed in 2020 with its own heating system
- Detached building was previously used as a salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,704
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,080
$694.1K
Cap Rate 7%
$495,771
$495.8K
Cap Rate 9%
$385,600
$385.6K
Market Conditions
NOI Build-Up for 2,455 SF
Gross rent
$53.0K $21.60/SF
− Vacancy
−$6.8K −$2.75/SF
EGI
$46.3K $18.85/SF
− OpEx
−$11.6K −$4.71/SF
NOI
$34.7K $14.14/SF
Area
Penobscot County, ME
Vacancy
12.74%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,080
Cap Rate 7%
$495,771
Cap Rate 9%
$385,600
Alternative Uses
Best Use
Office B
$495.8K
$433.8K – $578.4K
NOI $34,704 @ 7.0% cap · market cap 6.62%
Second Best
Mixed Use
$251.3K
$219.9K – $293.2K
NOI $17,593 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$792.9K
$693.8K – $925.1K
NOI $55,503 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
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Business Placement
Demographics for 04427, ME
2,900
Population
1,288
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
94%
High-School Grad
40.3 sq mi
ZIP Area
72
Density / Sq Mi
$60,612
Median Household Income
$40,776
Median Earnings
$773
Median Rent
$123,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - A three-bedroom residence and a separately heated outbuilding occupy a parcel zoned for residential and commercial use.
Where is this live-work space located?
The property is located at 732 Main Street Corinth, ME.
What is the asking price?
The asking price for this property is $524,000.
What are key features of this property?
This property features: Three‑bedroom residence on just over an acre; Detached building completed in 2020 with its own heating system; Detached building was previously used as a salon
