194 Main St, Freeport, ME 04032

Property Details for 194 Main St

Year built

1870

Lot size

3.86 lot acres

Property type

Commercial real estate

APN

Book 27356, Page 316

Description

This exceptional Freeport, Maine commercial property presents a unique investment opportunity. Located at 194 Main Street and 0 East Street, this mixed-use building and adjacent vacant lot offer a combined 3.86 acres of land. The main building, constructed in 1870, boasts 5,152 square feet and comprises four units: three office spaces and one approximately 1,700 square foot residential unit. The property is zoned V-I (Village I), allowing for a variety of potential uses. The building enjoys high visibility with 153 feet of frontage on Main Street, situated within the highly desirable Freeport Village District. The substantial 3.2-acre vacant lot behind the building presents significant development potential, adding considerable value to this already impressive offering. The asking price is $1,215,000, translating to $235.83 per square foot. The property's APN is Book 27356, Page 316, and it is owned by 194 Main Street LLC. This is a rare chance to acquire a substantial property in a prime location with significant upside potential. The combination of existing income-generating units and the large developable lot makes this an attractive investment for both immediate returns and future growth.

Location Insight

City

Freeport

County

Cumberland

State

Maine

Longitude

-70.0995299

Latitude

43.8633021