About This Home

This 0-bedroom, 0-bathroom commercial at 87 U.S. Highway 1 in Verona Island, ME is listed for $1,600,000 ($160 per sqft). Built in 1994, the home offers 10,000 sqft of living space on a 13.37 acres lot.

Key Features

  • Built in 1994
  • 13.37 acre lot
  • Waterfront

Property Details

1994

Amenities

Waterfront
Listing Description

Why This Property? This is a rare mixed-use investment combining retail, food service, fuel sales, residential income, and future development potential--all in one high-traffic, waterfront location. Ideal for owner-operators, investors, or entrepreneurs looking to expand.

Turnkey Commercial Investment on U.S. Route 1 with Waterfront & Multiple Income Streams Exceptional opportunity to own a highly visible, income-producing commercial property with expansive frontage along busy U.S. Route 1. With daily traffic counts between 8,000-10,000 vehicles, this property offers outstanding exposure and endless potential for growth.

Property Features: - Established convenience store with steady customer base - Fully equipped pizza business with commercial kitchen - Two full-service gas pumps - Additional space for a third business or expansion opportunity Commercial Kitchen lends to many possible avenues to make additional revenue in the food industry Additional Buildings: - T

wo separate structures previously used as a takeout restaurant and ice cream shop (ready for renovation and added income potential) - Detached storage shed Residential Income Potential: - Second floor features two completed one-bedroom apartments - Two additional units partially finished--ready to complete for added revenue Land & Location Highlights: - 13.37 acres of cleared land - Paved driveway with easy access - Prime frontage on U.S. Route 1 - Approximately 500± feet of waterfront on the Penobscot River Listing

Monthly Cost Estimate

$8,557/mo

20% down · 6.5% · 30 years

Principal$1,157
Interest$6,933
Insurance$467

Estimates only. Actual payments may vary.

Location

87 U.S. Highway 1

Verona Island, ME 04416

Features & Amenities

Interior Features

Storage

Property Details

Flooring

VinylCarpetLaminateTile

Construction

Wood Frame Vinyl Siding

Heating

Propane (Heating)Natural GasRadiantBaseboardHot Water(Heating)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 87 U.S. Highway 1 is listed at $1,600,000 ($160/sqft). The estimated monthly payment is $8,557 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1994, 13.37 acre lot, Waterfront. Interior Features: Storage.

This property is listed by Elaine Pelletier.

EP

Elaine Pelletier

Agent at Better Homes and Gardens Real Estate The Masiello Group

Listed by Better Homes and Gardens Real Estate The Masiello Group · Broker phone: (603) 283-1914 · View on Broker Site · Broker website

MLS# 1657309· Source: Maine Listings· 5 days on PropertySimple

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87 U.S. Highway 1, Verona Island, ME 04416

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