REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Christopher Farmer Morton & Furbish Agency
$ 649,000
Est. payment /mo
Active
2487 Main ST Rangeley, ME 04970
4,080 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,080 sqft
Price per Sqft $159
MLS Listing ID 1672824
HOA Y/N No
Year Built 1900
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Mixed Use
Source Maine Listings
Land Area 4080
Property Description
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 from 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. CONTACT LISTING BROKER- CHRISTOPHER C FARMER, ESQ, 207-450-4600
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. CONTACT LISTING BROKER- CHRISTOPHER C FARMER, ESQ, 207-450-4600
Location
State ME
County Franklin
Zoning Downtown Commercial
Direction RT4 NORTH TO RANGELEY MAIN STREET TO CENTER OF TOWN SECOND BUILIDNG ON THE LEFT AFTER POND ST
Rooms
Basement Full, Partial
Interior
Heating Oil, Forced Air
Cooling None
Flooring Vinyl, Wood
Exterior
Parking Features 1 - 4 Spaces
Roof Type Shingle
Building
Lot Description Business District, Near Shopping, Water View
Story 3
Foundation Stone, Brick/Mortar
Water Public
Others
Tax ID RANG-000037-000000-000101
