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    OFF-MARKET
    Mixed-use properties

    14 Main St, Milbridge, ME 04658

    3,634 SF 1 ac lot Built 1900
    Property ID
    US42-0270687
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Maine Coastal Islands National Wildlife Refuge Charitable Organization Advocacy Group
    • Riverlily (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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