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Property profile & analytics
OFF-MARKET
Mixed-use properties

59-61 Main St St Houlton, ME 04730

9,744 SF 0.1 ac lot Built 1912
Property ID
Property summary
AI-generated overview

This exceptional 9,744 square foot mixed-use building, located at 59-61 Main Street in Houlton, Maine, presents a unique investment opportunity. The property sits on a 0.1-acre lot and boasts a rich history, offering significant potential for a variety of uses. The building previously housed a restaurant, complete with a fully equipped commercial kitchen and bar. Ample space exists for expansion of the dining area, increasing seating capacity. Three additional vendor spaces are available, ideal for leasing to complementary businesses or for creative repurposing to suit a single operator's vision. The second floor provides substantial space, readily adaptable into apartment units, offering additional income streams. Two conveniently located hallway bathrooms serve both the ground floor and upper level. The Main Street frontage features three large display windows, providing excellent visibility and attracting foot traffic. Priced at $250,000, this property offers a compelling blend of historical charm and modern adaptability, making it an attractive proposition for both seasoned investors and entrepreneurial visionaries. The building's versatile layout and prime downtown location position it for success in a variety of commercial and residential configurations. Don't miss this chance to acquire a piece of Houlton's history and shape its future.

Property profile
Verified
Property type Mixed-use properties
Year built 1912
Total area 9,744 SF
Lot 0.1 ac (4,356 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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