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Property profile & analytics
OFF-MARKET
Commercial real estate

186 Main St Freeport, ME 04032

5,597 SF
Property ID
US42-0341752
Property summary
AI-generated overview

This exceptional mixed-use property at 186 Main Street in Freeport, Maine, presents a compelling redevelopment or development opportunity. The 5,597 square foot building sits on a 1.26-acre lot and is ideally situated for a variety of uses. Previously operating as a bed and breakfast and inn, the main structure boasts spacious living quarters, a sizable gathering/dining area, and a fully equipped commercial kitchen. The rear building features guest rooms across three levels. The property's versatile layout and substantial square footage offer significant potential for adaptive reuse or new construction. Its prime location on Main Street in Freeport places it within walking distance of major shopping destinations and less than a minute from I-295, ensuring excellent visibility and accessibility. Subject to town ordinances and necessary approvals, the expansive lot allows for the development of additional opportunities, making this a truly unique investment prospect. The asking price is $795,000, translating to $142.04 per square foot. This property is ready for an investor with a vision to capitalize on its considerable potential in a thriving Maine community. The zip code is 04032, and the property is located in Cumberland County.

Property profile
Verified
Property type Commercial real estate
Total area 5,597 SF
UPID US42-0341752
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
  • The Village Inn Hotel & Motel Bed & Breakfast
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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