194 Main St Freeport, ME 04032
- Commercial real estate
- 5,152 SF
- 3.86 lot acres
Current Use by Public Records
- STARS, LLC Learning Cooperative / Learning Center
- Toole Carlin & Powers / Attorney
- Fine Lines Construction / Custom Home Builder
- 194 Main Street / Commercial Real Estate Agency / Real Estate Developer
Property Details for 194 Main St
- Year built
- 1870
- Lot size
- 3.86 lot acres
- Property size
- 5,152 SF
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Cumberland
- State
- Maine
- Longitude
- -70.0995299
- Latitude
- 43.8633021
