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Mixed-Use Investment Property on Waterfront

87 U.S Highway 1, Verona Island, ME 04416

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For Sale

$1,895,000

COMMERCIAL - Verona Island, ME

Property size:

10,000 SF

Lot size:

13.37 Acres

Price / SF:

$189/SF

HighLights

Mixed‑use property on U.S. Route 1 with convenience store, fully equipped pizza business, and food‑service income potential
Includes two full‑service gas pumps and room for a third business or expansion
Residential income: second floor has two completed 1‑bedroom apartments; two additional units are partially finished
13.37 acres of cleared land with approximately 500± feet of waterfront on the Penobscot River
Expansive frontage on busy U.S. Route 1 with daily traffic counts estimated at 8,000–10,000 vehicles
Built in 1994; metal roof; well/private water and private sewer

We can help!

Contact an agent

Elaine Pelletier

For Sale

$1,895,000

COMMERCIAL - Verona Island, ME

Property size:

10,000 SF

Lot size:

13.37 Acres

Price / SF:

$189/SF

Added:: May 10, 2026
Days on Market:: 53
Last Refresh:: Jul 1 at 2:06 am

Property Features for 87 U.S Highway 1

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Commercial/Shoreland
Interior features: Storage
Standard status: Active
Size: 10,000 SF
Lot size: 13.37 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 5153

Utilities

Sewer type: Private Sewer
Heating system: Radiant, Propane (Heating), Natural Gas, Hot Water(Heating), Baseboard
Water source: Well, Private
Water front features: Waterfront
Water front: 1

Building Details

Year built: 1994
Number of units: 4
Flooring type: Tile, Vinyl, Laminate, Carpet
Building materials: Wood Frame, Vinyl Siding
Roof type: Metal
Additional Structures: Storage

We can help!

Contact an agent

Elaine Pelletier

Listing agent Elaine Pelletier

Listing office Better Homes & Gardens Real Estate/The Masiello Group 1162 Union Street, Bedford, ME

Listing date May 10, 2026

MLS# 1657309

HighLights

Mixed‑use property on U.S. Route 1 with convenience store, fully equipped pizza business, and food‑service income potential
Includes two full‑service gas pumps and room for a third business or expansion
Residential income: second floor has two completed 1‑bedroom apartments; two additional units are partially finished
13.37 acres of cleared land with approximately 500± feet of waterfront on the Penobscot River
Expansive frontage on busy U.S. Route 1 with daily traffic counts estimated at 8,000–10,000 vehicles
Built in 1994; metal roof; well/private water and private sewer

Overview

This mixed-use property on 13.37 acres combines retail, food service, fuel sales, residential income, and future development potential in a waterfront location. The property features an established convenience store, a fully equipped pizza business with a commercial kitchen, and two full-service gas pumps. There is additional space for a third business or expansion opportunity. Two separate structures previously used as a takeout restaurant and ice cream shop are ready for renovation. The second floor features two completed one-bedroom apartments, with two additional partially finished units ready to complete. The property has frontage on U.S. Route 1 and approximately 500 feet of waterfront on the Penobscot River. The property has a paved driveway with easy access. Daily traffic counts are between 8,000-10,000 vehicles.

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Verona Island
County: Hancock
State: Maine
Longitude: -68.791912
Latitude: 44.5637324

For sale
Mixed-use properties
ME
Verona Island
04416
87 U.S Highway 1

What type of property is this?

Mixed-use property - High-traffic commercial property with retail, food, fuel, and residential income.

Where is this mixed-use property located?

The property is located at 87 U.S Highway 1 Verona Island, ME.

What is the asking price?

The asking price for this property is $1,895,000.

What are key features of this property?

This property features: Mixed‑use property on U.S. Route 1 with convenience store, fully equipped pizza business, and food‑service income potential; Includes two full‑service gas pumps and room for a third business or expansion; Residential income: second floor has two completed 1‑bedroom apartments; two additional units are partially finished

87 U.S Highway 1, Verona Island, ME 04416

COMMERCIAL - Verona Island, ME

Property Features for 87 U.S Highway 1

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

FAQs