Property summary
This 3,039 square foot mixed-use building at 25 Main Street, Machias, ME, presents a unique investment opportunity. Situated on a 0.21-acre lot, this property boasts a prime location directly on Main Street (Route 1), the town's central thoroughfare. The building has served as a thriving commercial space for over a century, previously housing a hardware store and various other retail shops, all benefiting from street-level plate glass storefronts. A second-floor suite has accommodated offices, including professional services. An unfinished third floor offers significant potential for conversion into residential space, potentially an owner's apartment with views of Bad Little Falls. The basement provides access to municipal parking. Recent improvements include upgrades to the heating and roofing systems. The property's history and location within a growing coastal Maine town offer strong potential for future growth and revenue. The adjacent Machias River General may also be available for purchase
Property profile
VerifiedCap rate & NOI
Current use
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Discount Store
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Clothing Store
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Grocery & Convenience Store Food Market
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Building Supply Hardware & Home Improvement
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Real Estate Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
NONE · Machias, MEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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