Property profile

59 Main St Houlton, ME 04730

OFF-MARKET
Retail space
Property ID
US42-0089681
7,686 SF 0.1 ac lot Built 1912
Individually Owned 1-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic

Location

59 Main St Houlton, ME 04730-2122
Houlton metro Census 952400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2025
Last sale
$213,000
2 recorded transactions
2025
Price N/A
2022
$213,000

Zoning & alternative use

B · Houlton, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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