Property summary
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
VerifiedCap rate & NOI
Current use
-
Crisis Center Medical Clinic
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
B · Houlton, MEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B in Houlton, ME.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.