Gas Station with
For Sale
$1,600,000
87 U.S Highway 1, Verona Island, ME 04416
COMMERCIAL - Verona Island, ME
Property Size10,000 SF
Lot Size13.37 Acres
Price / SF$160
Days on Market31
Property Features for 87 U.S Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial/Shoreland
Interior features
Storage
Lot features
Waterfront, Water View, Business District, Near Shopping
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
Propane (Heating), Baseboard, Natural Gas, Radiant, Hot Water(Heating)
Water source
Private, Well
Water front features
Waterfront
Water front
1
Amenities
gas pumps
storage shed
waterfront
Building Details
Year built
1994
Number of units
4
Flooring type
Laminate, Carpet, Vinyl, Tile
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group · Better Homes and Gardens Real Estate
(207) 942-6711
Listed By:
Elaine Pelletier · License #BR909757
(207) 852-4021
Added: Jul 16
Changed: Aug 4
Last Checked: Aug 15 at 11:06PM
MLS# 1657309
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This gas station-focused mixed-use property at 87 U.S. Highway 1 combines fuel sales, convenience retail, and food service with residential income. The site includes an established convenience store and a fully equipped pizza business with a commercial kitchen, supported by two full-service gas pumps. The property also includes additional space for a third business or expansion.
Two separate structures previously used as a takeout restaurant and ice cream shop are also on site and are ready for renovation. A detached storage shed provides additional utility. The second floor features two completed one-bedroom apartments, along with two additional units that are partially finished and ready to be completed.
Set on 13.37 acres of cleared land with a paved driveway, the property offers prime frontage on U.S. Route 1. Daily traffic counts are reported between 8,000-10,000 vehicles. There is approximately 500± feet of waterfront on the Penobscot River. The property was built in 1994, with wood frame construction and vinyl siding, metal roofing, and private well water and private sewer.
Two separate structures previously used as a takeout restaurant and ice cream shop are also on site and are ready for renovation. A detached storage shed provides additional utility. The second floor features two completed one-bedroom apartments, along with two additional units that are partially finished and ready to be completed.
Set on 13.37 acres of cleared land with a paved driveway, the property offers prime frontage on U.S. Route 1. Daily traffic counts are reported between 8,000-10,000 vehicles. There is approximately 500± feet of waterfront on the Penobscot River. The property was built in 1994, with wood frame construction and vinyl siding, metal roofing, and private well water and private sewer.
Key Highlights
- 13.37 acres of cleared land with paved driveway and U.S. Route 1 frontage
- Approximately 500± feet of waterfront on the Penobscot River
- Daily traffic counts reported between 8,000‑10,000 vehicles
Property Analytics
Property Profile
Current Use
Lease Details
10,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 04416, ME
5,451
Population
2,773
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
94%
High-School Grad
57.8 sq mi
ZIP Area
94
Density / Sq Mi
$62,913
Median Household Income
$38,397
Median Earnings
$833
Median Rent
$237,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Commercial/Shoreland gas station property with waterfront and multiple income-producing retail, food service, and fuel offerings.
Where is this gas station 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 $1,600,000.
What are key features of this property?
This property features: 13.37 acres of cleared land with paved driveway and U.S. Route 1 frontage; Approximately 500± feet of waterfront on the Penobscot River; Daily traffic counts reported between 8,000‑10,000 vehicles
