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    OFF-MARKET
    Retail space

    59 Main St, Houlton, ME 04730-2122

    7,686 SF 0.1 ac lot Built 1912
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US42-0089681
    Property summary
    AI-generated overview

    This exceptional 9,744-square-foot retail property, located at 59 Main Street in Houlton, Maine, presents a unique investment opportunity. Situated on a 0.1-acre lot, this historic building offers a versatile layout ideal for a variety of commercial uses. Previously housing a restaurant, the property boasts a fully equipped commercial kitchen and bar area, with ample space for expansion of the dining area to increase seating capacity. Three additional vendor spaces are available, providing options for leasing to other businesses or for internal expansion to accommodate a wider range of services or products. The building's main street frontage features three large display windows, offering excellent visibility and attracting foot traffic. The second floor presents significant potential for conversion into residential apartments, adding another revenue stream. Two conveniently located hall bathrooms ensure accessibility for all tenants and customers. The asking price is $250,000, translating to a price per square foot of $25.66. This property is zoned for retail use and is located in Aroostook County, Maine, zip code 04730. The property's prime location and versatile design make it an attractive investment for both established businesses and entrepreneurs seeking a unique opportunity in a thriving community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1912
    Total area 7,686 SF
    Lot 0.1 ac (4,356 SF)
    Zoning code B
    APN HOUL M:034 B:3 L:216
    UPID US42-0089681
    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
    • AMHC Crisis Center Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    by Request
    Owner & transaction history
    Northern Me Dev Commissio · 1 yrs held
    Northern Me Dev Commissio
    since 2025
    Last sale
    $213,000
    2 recorded transactions
    2025
    2022
    $213,000
    Zoning & alternative use
    B · Houlton, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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