2487 Main ST, Rangeley, ME 04970
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Tim Cheney

Tim Cheney

+1(207) 200-3637
Listed by Christopher Farmer Morton & Furbish Agency
$ 649,000
Est. payment | /mo

4,080 SqFt

Save
$ 649,000
Est. payment | /mo
Save

4,080 SqFt

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.

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

Maine MLS (MREIS) IDX
Tim Cheney

"My passion is learning the "why?" behind making a real estate move so together we can define your goals then achieve the best possible outcome!"

+1(207) 200-3637

tim@timcheneyrealtor.com

875 Greenland Rd Suite B9, Portsmouth, NH 03801-4161, USA

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2487 Main ST