Commercial Real Estate Market in Boothbay, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
25 active listings and 26 off-market properties in Boothbay, ME.
Market Trends
Boothbay, ME spans 16.1 square miles in Lincoln County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Boothbay, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Boothbay, ME asks $264/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Boothbay, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Boothbay, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.7%
- Mixed use 15.9%
- Commercial 7.2%
- Industrial 1%
Largest Zones share of zoned land by district
Coastal Residential District
Residential District
Rural Mixed Use District
Scenic Gateway District
Water Reservoirs Protection District
Boothbay, ME zones 20,520 acres across 13 districts. Commercial zoning covers 7.2% of zoned land, residential 72.7% and industrial 1%. The largest single district is Coastal Residential District at 45.1%. For commercial buyers the practical constraint is that only 8.2% of land carries a commercial or industrial designation.
Coastal Residential District (RC)
The Coastal Residential District is intended to be an interim land use control that allows limited development in coastal areas until the Town is able to undertake and complete a detailed groundwater study to better understand the capability of these areas to support additional building without adversely impacting both the quality and quantity of the groundw…
Market overview
Demographics & Economy
Boothbay, ME has 2,000 residents in 1,305 households. Density runs 124 people per square mile. Median household income here is $57,476.
2,000
Population
1,305
Households
1.5
Avg Household Size
54
Median Age
43%
College-Educated
96%
High-School Grad
16.1 sq mi
ZIP Area
124
Density / Sq Mi
$57,476
Median Household Income
$42,014
Median Earnings
$0
Median Rent
$357,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Boothbay Harbor | — | — |
| South Bristol | — | — |
| Westport Island | — | — |
| Southport | — | — |
Commercial property in Boothbay, ME asks $166/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Boothbay?
Commercial property in Boothbay, ME asks an average of $166 per square foot. Retail carries the highest asking price at $264/SF.
What zoning applies to commercial property in Boothbay?
Boothbay, ME zones 20,520 acres across 13 districts, of which 7.2% is commercial and 1% industrial. The largest single district is Coastal Residential District at 45.1% of zoned land. The Coastal Residential District is intended to be an interim land use control that allows limited development in coastal areas until the Town is able to undertake and complete a detailed groundwater study to better understand the capability of these areas to support additional building without adversely impacting both the quality and quantity of the groundw… Residential zoning covers 72.7% and open space 0%.
Where does Realmo's Boothbay market data come from?
Realmo compiles Boothbay, ME figures from 25 active sale listings, 26 tracked off-market properties, the current Boothbay zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 25 active for-sale and 0 active for-lease listings in Boothbay, ME. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 20,520 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
