Property profile

89 State St Ellsworth, ME 04605

OFF-MARKET
Other investment properties
Property ID
US42-0775848
1,448 SF 0.14 ac lot Built 1928
Individually Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This mixed-use property is located in an in-town setting and includes a three-bedroom residence on a double lot, a separate office/shop building, and a one-car garage. The residence features an updated kitchen, a formal dining room, and a spacious living room with hardwood floors and a pellet stove; it also has a large front porch and a private back deck. The second floor contains three bedrooms and a full bathroom. A separate three-room building with a half bath is present on the site and has historically been operated as Tom’s Tattoo; it is configured with rental/office-ready space and could support uses such as a home office. The property provides off-street parking in both the front and rear and has frontage positioned for visibility. The lot area is 0.27 acres, with a total building area of 1,448 square feet. Zoning is DT.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1928
Total area 1,448 SF
Lot 0.14 ac (6,098 SF)
Zoning code DT
APN ELLH M:136 B:178 L:000 U:000
UPID US42-0775848

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

89 State St Ellsworth, ME 04605-1923
Ellsworth metro Census 965503
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
$250k

Owner & transaction history

Zoning & alternative use

DT · Ellsworth, ME
Zoning description

A. Downtown (DT). The heart of this zone is Main Street. It is what is special about Ellsworth. This zone allows a mixture of uses. Uses in this zone are concentrated makin g it highly walkable steering away from single…

General category COMMERCIAL

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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