59 Main St, Houlton, ME 04730-2122
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.
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AMHC Crisis Center Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B · Houlton, MEHoulton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.