Waterfront Mixed-Use Commercial
For Sale
$1,895,000
87 Highway 1, Verona Island, ME 04416
Commercial property combining retail, food service, fuel sales, apartments, and additional buildings on a waterfront site.
Property Size10,000 SF
Lot Size13.37 Acres
Price / SF$189.50
Days on Market144
Property Features for 87 Highway 1
General Information
Standard status
Active
Size
10,000 SF
Lot size
13.37 Acres
Property subtype
Commercial / Mixed Use
Zoning
Commercial/Shoreland
Property Condition
Severity
Repairs Needed
Evidence
ready for renovation
Site & Location
Traffic Count
10,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Fuel Pumps
2
Taxes and HOA fees
Annual Taxes
$5,153
Amenities
waterfront
commercial kitchen
paved driveway
detached storage shed
Multi-Level
Radiant, Hot Water, Baseboard
2
Slab2
Vinyl, Tile, Laminate, Carpet
Yes
Storage
Concrete Perimeter, Slab
Level Entry
.00
Metal
Outbuilding, Shed(s)
Vinyl Siding, Wood Frame
Building Details
Year Built
1994
Buildings
4
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
(207) 812-7183
Listed By:
Elaine Pelletier · License #BR909757
(207) 812-7183
Source:
Compass
Added: Apr 9
Changed: Aug 29
Last Checked: Aug 29 at 1:32PM
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 Better Homes & Gardens Real Estate/The Masiello Group
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 87 Highway 1 includes a convenience store, a pizza operation with commercial kitchen equipment, and two full-service gas pumps. The building also contains two completed one-bedroom apartments on the second floor, along with two additional units that are partially finished. Two separate outbuildings were formerly used for takeout food service and ice cream sales, while a detached shed provides storage. The property was built in 1994 and includes multi-level interior space, radiant and baseboard heating, and multiple flooring finishes.
The 13.37-acre site is located along U.S. Route 1 with approximately 500± feet of waterfront on the Penobscot River. Daily traffic counts are reported at 8,000-10,000 vehicles. A paved driveway provides site access, and the property is zoned Commercial/Shoreland. The parcel also includes cleared land and approximately 10,000 square feet of property size as reported.
The 13.37-acre site is located along U.S. Route 1 with approximately 500± feet of waterfront on the Penobscot River. Daily traffic counts are reported at 8,000-10,000 vehicles. A paved driveway provides site access, and the property is zoned Commercial/Shoreland. The parcel also includes cleared land and approximately 10,000 square feet of property size as reported.
Key Highlights
- 13.37 acres of cleared land along U.S. Route 1
- Approximately 500± feet of Penobscot River waterfront
- Convenience store, pizza operation, and two full‑service gas pumps
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 Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combining retail, food service, fuel sales, apartments, and additional buildings on a waterfront site.
Where is this mixed-use property located?
The property is located at 87 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: 13.37 acres of cleared land along U.S. Route 1; Approximately 500± feet of Penobscot River waterfront; Convenience store, pizza operation, and two full‑service gas pumps
