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Mixed-Use Property with Storefront

868 Main Street, Palmyra, ME 04965

For Sale
$99,000

A two-bedroom apartment sits above ground-floor storefront space with additional rooms and a half bath.

Property Size2,141 SF
Lot Size0.50 Acres
Price / SF$46.24
Days on Market747

Property Features for 868 Main Street

General Information

Standard status Active
Size 2,141 SF
Lot size 0.50 Acres
Property subtype Commercial
Zoning Commercial

Property Condition

Severity Repairs Needed
Evidence Property is in need of TLC and interior renovations

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $1,631

Building Details

Building Size 2,141 SF
Year Built 1989
Stories 2
Listing Agency: Integrity Homes Real Estate Group, PC
Listed By: Buffy Dumont
Source: Integrityhomesrealestategroup
Added: Oct 29, 2024 Changed: Nov 12 Last Checked: Nov 13 at 6:32PM

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 Integrity Homes Real Estate Group, PC

Rey
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Investment Insights

Based on property information with market context.

Built in 1989, this mixed-use property has a ground-floor storefront, several additional rooms and a half bathroom. The upper level contains an apartment with two bedrooms, one full bathroom and laundry hookups. The property requires interior renovation work.

The site comprises 1/2 acre along Route 2, with parking on the property. Newport is a 7-minute drive, while Bangor and Waterville are each 30 minutes away. Zoning is commercial.

Key Highlights

  • Two‑bedroom, one‑bath apartment with laundry hookups
  • Ground‑floor storefront, additional rooms and a half bathroom
  • 1/2‑acre property on Route 2 with on‑site parking

Property Analytics

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

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Auto Repair Shop Storage Facility Bed & Breakfast Hotel & Motel Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

28
Businesses Nearby

Demographics for 04965, ME

1,924
Population
879
Households
2.2
Avg Household Size
49
Median Age
17%
College-Educated
89%
High-School Grad
40.2 sq mi
ZIP Area
48
Density / Sq Mi
$49,261
Median Household Income
$39,821
Median Earnings
$763
Median Rent
$123,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A two-bedroom apartment sits above ground-floor storefront space with additional rooms and a half bath.
Where is this mixed-use property located?
The property is located at 868 Main Street Palmyra, ME.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath apartment with laundry hookups; Ground‑floor storefront, additional rooms and a half bathroom; 1/2‑acre property on Route 2 with on‑site parking
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