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Property profile

14 Main St Milbridge, ME 04658

OFF-MARKET
Mixed-use properties
Property ID
US42-0270687
3,634 SF 1 ac lot Built 1900
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Property summary

AI-generated overview

This exceptional mixed-use property at 14 Main Street in Milbridge, Maine, presents a unique investment opportunity. The beautifully restored Mansard-style building boasts 3,634 square feet on a one-acre lot. The ground floor offers a vibrant retail space, perfect for a variety of businesses. Features include stunning original wood floors, twelve-foot ceilings with tin detailing, abundant natural light, a half bath, a rear storage room, and dedicated office space. Upstairs, a spacious apartment provides excellent supplemental income potential or convenient on-site living. The apartment features the same beautiful wood floors as the retail space, a living room, an open kitchen and dining area, three bedrooms, and a full bathroom with laundry facilities. A third-floor level offers additional storage or the possibility of expansion. Two additional outbuildings on the property provide further versatility. One building could be utilized as a studio space, while the other offers ample storage. These outbuildings present additional leasing opportunities, expanding the income potential of this already impressive property. The property's rich history includes uses as a Post Office, Knights of Columbus hall, restaurant, mercantile, and seafood market. Located in the desirable Downeast Maine region, this property is ideally situated in the heart of Milbridge. Showings are by appointment only. Please note that the existing retail business is not included in the sale.

Property profile

Verified
Property type Mixed-use properties
Year built 1900
Total area 3,634 SF
Lot 1 ac (43,560 SF)
UPID US42-0270687

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Advocacy Group
  • (Bike/Boat/Book/etc) Store

Location

14 Main St Milbridge, ME 04658
Milbridge metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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