About This Home
This 0-bedroom, 0-bathroom commercial at 2487 Main Street in Rangeley, ME is listed for $649,000 ($159 per sqft). Built in 1900, the home offers 4,080 sqft of living space on a 0.13 acres lot.
Key Features
- Built in 1900
- 0.13 acre lot
Property Details
Located in the heart of downtown Rangeley, 2487 Main Street presents a rare opportunity to acquire a highly visible mixed-use commercial property with both immediate income and significant value-add potential. Currently occupied by the established Black Bear Trading Post, this prominent Main Street location benefits from steady year-round traffic f
rom local residents, seasonal visitors, outdoor enthusiasts, and vacationers drawn to the Rangeley Lakes Region. The ground floor is home to Black Bear Trading Post, providing stable occupancy and income. Above the retail space are two undeveloped upper floors that offer substantial redevelopment potential.
These levels could potentially be renovated into three to four residential apartments, subject to municipal approvals and permitting requirements. With Rangeley experiencing a strong demand for long-term rental housing and a limited supply of available units, the upper floors present an outstanding opportunity for investors or developers to create much-needed residential housing while enhancing the property's income potential.
The combination of an established commercial tenant and future residential development possibilities makes this a compelling investment in one of Maine's premier four-season destinations. ONTACT LISTING BROKER - CHRISTOPHER C FARMER, ESQ,
Monthly Cost Estimate
$3,471/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2487 Main Street
Rangeley, ME 04970
Property Details
Flooring
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2487 Main Street is listed at $649,000 ($159/sqft). The estimated monthly payment is $3,471 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.13 acre lot.
This property is listed by Christopher Farmer and can be reached at 2074504600.