498 Maine Ave Farmingdale, ME 04344
This exceptional investment property at 498 Maine Avenue, Farmingdale, ME, presents a unique opportunity to acquire a thriving business with significant upside potential. The 0.43-acre lot boasts high visibility on a busy road and ample parking. The property comprises a 3,534 square foot building encompassing both residential and commercial space. The residential component is a three-bedroom, one-and-a-half-bathroom home featuring a spacious kitchen, dining area, and a full unfinished basement. The commercial space, totaling over 1200 square feet, currently operates as a medical cannabis retail and manufacturing facility. This area is divided into approximately 400 square feet of retail showroom and over 800 square feet of production space, including a kitchen/lab area. A separate office/outbuilding is situated behind the main commercial structure. A key feature of this offering is the inclusion of the only medical cannabis license in Farmingdale, which transfers with the sale. The property's location and existing license present a compelling opportunity for continued operation within the established medical cannabis market, with potential for expansion into recreational cannabis manufacturing and retail, subject to applicable regulations and licensing. The combined residential and commercial aspects offer multiple revenue streams, making this a truly unique and attractive investment. Priced at $1,000,000.
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Tru Blooms Wellness (Bike/Boat/Book/etc) Store
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ChocLit Factory (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.