4 Colonial Way Machias, ME 04654
Property profile & analytics
4 Colonial Way Machias, ME 04654
- Commercial real estate
- 0.39 lot acres
Property ID
US42-0281879
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Northwestern Mutual / Financial Advisor
- Wooleez of Maine / (Bike/Boat/Book/etc) Store
- New Leaf Counseling Services / Family Counselor
- New Leaf Counseling Services, LLC: Librizzi Tara / Family Counselor
- The French Cellar / Specialty Food Shop / Wine and Liquor Store
Property Details for 4 Colonial Way
- Lot size
- 0.39 lot acres
- Zone code
- NONE
- Property type
- Commercial real estate
- APN
- MCHA M:011 L:074
- APU
- MCHAM011L074
Description
This meticulously maintained three-story building, constructed in 1928, offers a unique blend of commercial and residential space in the heart of downtown Machias, ME. Located on Route One (Main Street), this 13,226 square foot property enjoys excellent visibility and high foot traffic. The building currently houses six commercial units and four apartments, all with 100% occupancy. Commercial units are currently leased at an average of $6 per square foot, significantly below market rate. Leases allow for rent increases upon renewal, presenting a substantial opportunity for equity growth. With a potential market rent of $12 per square foot and an 8% capitalization rate, the property's value could reach $1.4 million. Recently repainted, the building sits on a 0.39-acre lot and retains its historic charm while offering modern functionality. Each unit is thoughtfully designed to appeal to both tenants and visitors. This property is ideal for investors seeking a stable income stream with significant upside potential or business owners desiring a prestigious location. The building's prime location and current lease structure provide a solid foundation for future success.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Machias
- County
- Washington
- State
- Maine
- Longitude
- -67.4585
- Latitude
- 44.7142
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,433
$65,500
$306,000
$371,500
-
$0.00
$0.00
$0.00
