4 Townsend Ave - Freestanding FOR SALE


Boothbay Harbor, ME 04538
$1,450,000 USD
207-266-2370
4 Townsend Ave, Boothbay Harbor, ME for Sale
$1,450,000 USD
Freestanding - FOR SALE
1/20
null | Request Cap Rate

4 Townsend Ave
Boothbay Harbor, ME 04538


HIGHLIGHTS

  • Street-level retail w/ lease through May 2027
  • Coworking business (Our Port Workspace) included with 5 private offices, lounge, conference room, copy center, and coffee bar
  • Second-floor office with four private offices, breakroom, conference room, storage room, and large lounge area
  • No deferred maintenance

OVERVIEW

In the heart of downtown Boothbay Harbor, The Old Bank Building offers a rare opportunity to own a piece of local history with built-in business potential. Located at the prominent intersection of Oak Street and Townsend Avenue, this iconic commercial property features exceptional visibility, sidewalk frontage, and access to nearby public parking. The property includes three units: a street-level retail space with large display windows, bathroom, original bank vault, and backroom storage (featuring a historic bar rumored to once be a speakeasy); a fully renovated coworking space (Our Port Workspace) with five offices, a conference room, copy center, lounge area, coffee bar/kitchenette, and bathroom; and a second-floor office suite with four offices, breakroom, conference room, large lounge area, and bathroom — intentionally left vacant for an owner-user or new tenant. Recent improvements include a new roof; upgraded mechanicals; new floors, windows, and entry doors in the retail space; and a full renovation of the coworking unit with secure keypad access. The building is equipped with central air and a fire sprinkler system. The coworking business is included in the sale, offering a turnkey revenue stream from day one. With steady foot traffic, excellent visibility, and a downtown that has expanded the tourism season thanks to efforts like Coastal Maine Botanical Gardens’ Gardens Aglow, this is a standout opportunity for professionals, entrepreneurs, or investors alike.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Old Bank Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

Business

APN/PARCEL ID

BOOH-000019-000000-000158

ASK ABOUT THIS PROPERTY

Nicholas FarrellKw RealtyMore Info
207-266-2370

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Nicholas FarrellKw RealtyMore Info
207-266-2370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.