1424 U.S. Rt 1, Hancock, ME, 04640 | $499,000

Unique opportunity for retail cluster development on US Rt 1, Maine's
premier coastal tourism route. Multiple opportunities for synergistic
development of approximately 3, 000 sq ft includes four shops sharing
high visibility road frontage, lit monument signage, excellent traffic
(ADT estimate 10, 000 vehicles daily), and ample parking. A cozy, 1, 500
sq ft second floor apartment offers additional revenue or the option to
make this a lifestyle business with your own year-round home less than
5 miles from the ocean.
Current owner of this property has retired and opted to leave two units
vacant pending sale to a new owner with a development plan to
capitalize on this opportunity. Current occupants are owners-at-will
without lease agreements.

Features

  • Property Type: Retail
  • Construction: Wood Siding, Clapboard, Wood Frame
  • Parking: Gravel, 11 - 20 Spaces, On Site, Off Street
  • Heating: Space Heater, Direct Vent Heater
  • Zoning: N/A
  • Approx Sq. Feet: 4,500
  • Acreage: 0.6
  • Est. Taxes: $1,998
  • Lot Desc: Downtown, Near Shopping, Other, Retail Strip
  • MLS#: 1609707
  • Website: https://www.raveis.com
    /prop/1609707/1424usrt1_hancock_me?source=qrflyer
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Listing courtesy of Maine Real Estate Brokerage

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