Building Details

Year built 1994

Listing Agency: Bangor, Maine · Better Homes and Gardens Real Estate i***@Masiello.com Show Phone

Listed By: Elaine Pelletier · License #BR909757 Show Phone

Added: Apr 10 Changed: Sep 16 Last Checked: Oct 9 at 5:06PM

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MLS# 1657309

Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 10,000-square-foot mixed-use property, built in 1994, combines convenience retail, a pizza operation with commercial kitchen equipment, fuel sales, and residential space. The site includes two full-service gas pumps, additional commercial area for another business or expansion, and two completed one-bedroom apartments on the second floor. Two more apartment units are partially finished. Separate structures formerly used for takeout dining and ice cream service provide additional buildings for renovation.

The property occupies 13.37 acres of cleared land at 87 U.S. Highway 1 in Verona Island, Maine. A paved driveway provides access, while the U.S. Route 1 frontage is supported by reported daily traffic of 8,000-10,000 vehicles. The property also includes approximately 500 feet of waterfront along the Penobscot River.

Key Highlights

• 13.37 acres of cleared land at 87 U.S. Highway 1
• 10,000 square feet; built in 1994
• Convenience store, pizza business, commercial kitchen, and two full‑service gas pumps

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Building Supply Auto Repair Shop Cafe & Coffee Shop Barber Shop Computer & Electronic Repair

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

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Convenience retail, food service, fuel sales, and apartment space are combined within one commercial property.

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 $1,600,000.

What are key features of this property?

This property features: 13.37 acres of cleared land at 87 U.S. Highway 1; 10,000 square feet; built in 1994; Convenience store, pizza business, commercial kitchen, and two full‑service gas pumps