Mixed-Use Property with
90 Us Route 1, York, ME 03909
For Sale
$695,000
A two-bedroom residence occupies the upper floor, with its own entrance, heat, and electric service.
Property Size3,948 SF
Price / SF$176.04
Days on Market998
Property Features for 90 Us Route 1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 475-0999
Listed By:
Troy Williams · License ME #066558
(207) 351-8188
Source:
Integrityhomesrealestategroup
Added: Feb 21, 2024
Changed: Nov 11
Last Checked: Nov 13 at 6:26PM
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 Keller Williams Coastal and Lakes & Mountains Realty
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Investment Insights
Based on property information with market context.
The property combines commercial space on the main floor with a two-bedroom apartment upstairs. The main level has served as a retail showroom, while the lower level is unfinished and includes a half bath, side access, and a double door for moving equipment. The apartment has a separate entrance and dedicated heat and electric service.
Situated on US Route 1 in York, the property has a two-entrance driveway and 25 parking spaces. The road carries 18,000 vehicles per day, and a traffic light is nearby. The zoning is RT1-2; the building dates to 1987.
Situated on US Route 1 in York, the property has a two-entrance driveway and 25 parking spaces. The road carries 18,000 vehicles per day, and a traffic light is nearby. The zoning is RT1-2; the building dates to 1987.
Key Highlights
- Two‑bedroom apartment with private entrance and dedicated heat and electric
- Main‑floor commercial area previously used as a retail showroom
- Unfinished lower level with half bath, side entry, and large double door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,034
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,680
$980.7K
Cap Rate 7%
$700,486
$700.5K
Cap Rate 9%
$544,822
$544.8K
Market Conditions
NOI Build-Up for 3,948 SF
Gross rent
$85.3K $21.60/SF
− Vacancy
−$6.8K −$1.73/SF
EGI
$78.5K $19.87/SF
− OpEx
−$29.4K −$7.45/SF
NOI
$49.0K $12.42/SF
Area
York County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,680
Cap Rate 7%
$700,486
Cap Rate 9%
$544,822
Alternative Uses
Best Use
Mixed Use
$700.5K
$612.9K – $817.2K
NOI $49,034 @ 7.0% cap · market cap 7.06%
Second Best
Retail
$684.9K
$599.3K – $799.1K
NOI $47,944 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,605 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
18,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Aroma Joe's
Dining
5,864 visits/mo
0.3 miles
Demographics for 03909, ME
10,938
Population
7,101
Households
1.5
Avg Household Size
53
Median Age
50%
College-Educated
98%
High-School Grad
35.2 sq mi
ZIP Area
311
Density / Sq Mi
$108,889
Median Household Income
$55,540
Median Earnings
$1,438
Median Rent
$589,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in York County, ME
Properties on Market for Mixed-use properties in York County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom residence occupies the upper floor, with its own entrance, heat, and electric service.
Where is this mixed-use property located?
The property is located at 90 Us Route 1 York, ME.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑bedroom apartment with private entrance and dedicated heat and electric; Main‑floor commercial area previously used as a retail showroom; Unfinished lower level with half bath, side entry, and large double door
