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Mixed-Use Property with Detached Studio
For Sale
$675,000

767 River Road, Mexico, ME 04257

Five apartments, office space, an event area, and a separate studio support a range of residential and commercial functions.

Property Size4,740 SF
Lot Size1.57 Acres
Price / SF$142.41
Days on Market123

Property Features for 767 River Road

General Information

Standard status Active
Size 4,740 SF
Lot size 1.57 Acres
Property subtype MULTI_FAMILY

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 5 x 1BR/1BA
Multifamily Units 5

Additional Details

Property Use Mixed-Use

Taxes and HOA fees

Annual Taxes $4,066

Building Details

Building Size 4,740 SF
Year Built 1900
Buildings 2
Listing Agency: Keller Williams Realty
Listed By: Emily Weeks
Source: Hoangrealty
Added: Jul 2 Changed: Nov 1 Last Checked: Oct 31 at 8:36PM

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 Keller Williams Realty

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Investment Insights

Based on property information with market context.

This mixed-use property contains five one-bedroom, one-bathroom apartments alongside dedicated office space. A separate studio adds another distinct area, while an event room with its own exterior entrance includes a kitchen and bathroom. Hardwood floors remain in many parts of the building, and updates have been made over time. The main structure dates to 1900 and measures 4,740 square feet; the site covers 1.57 acres.

Situated on Route 2 in Mexico, Maine, the property includes landscaped grounds with established perennial gardens. Its spaces combine residential units with office, studio, and event areas.

Key Highlights

  • Five one‑bedroom, one‑bathroom apartments
  • 4,740‑square‑foot building on 1.57 acres
  • Separate studio and dedicated office space

Property Analytics

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Open Analytics

Current Use

Brown Victoria L Physician Madre Sana Midwife Tammy R. Mawhinney, ... Physician Mary Hickey, LCSW Psychotherapist Lash ME by ... Hair Salon

Suggested Use

Top Pick HVAC Service Building Supply Electrical Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Butcher

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

5
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

32
Businesses Nearby

Demographics for 04257, ME

2,756
Population
1,490
Households
1.8
Avg Household Size
45
Median Age
12%
College-Educated
93%
High-School Grad
23.3 sq mi
ZIP Area
118
Density / Sq Mi
$54,052
Median Household Income
$34,404
Median Earnings
$843
Median Rent
$104,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Five apartments, office space, an event area, and a separate studio support a range of residential and commercial functions.
Where is this mixed-use property located?
The property is located at 767 River Road Mexico, ME.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Five one‑bedroom, one‑bathroom apartments; 4,740‑square‑foot building on 1.57 acres; Separate studio and dedicated office space
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