About this home
Opportunity awaits at this versatile mixed-use property on highly visible Route 2 in Mexico, Maine. Set on 1.57 acres, this unique property offers a blend of residential and commercial potential with a rich local history dating back to the early 1900s. Currently configured with five one-bedroom, one-bathroom apartments, dedicated office space, and a detached studio, the property presents multiple possibilities for investors, owner-occupants, or those seeking live/work flexibility. Inside, you'll find character throughout, including beautiful hardwood flooring in many areas and updates completed over time to support continued use and functionality. Additional features include an exterior-entry event space complete with a kitchen and bathroom, creating opportunities for gatherings, business use, workshops, or expanded rental potential (subject to local approvals). The detached studio further enhances the flexibility of the property as office, creative, rental, or auxiliary space. Outside, the grounds are thoughtfully landscaped with established perennial gardens that add seasonal color and enhance the property's inviting curb appeal. Once operated as an inn in the 1930s and later adapted for residential and commercial purposes, this property continues to evolve while maintaining its prominent location and historic charm. With ample space, excellent visibility, and multiple income streams, this is a rare chance to own a distinctive property with history, flexibility, and future potential in Western Maine.
Listing last checked: Listing updated:
Listed by Listing Agent · Keller Williams Realty · MLS #1669955
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Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard, Hot Water
- Cooling
- None
- Flooring
- Carpet, Laminate, Vinyl, Wood
Building4 property facts
- Style
- Other
- Year built
- 1900
- Foundation
- Stone, Brick/Mortar
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 2.57 acres
- Water
- Well
- Sewer
- Public Sewer
- Waterfront
- Y
- Zoning
- None
Financial2 property facts
- Annual taxes
- $4,066
- Assessment year
- 2024
Location
Estimated monthly cost
Explore costs at the $675,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,752 / monthAdjust
- Principal & interest
- $3,413
- Property tax
- $339
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,066. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 767 River Road
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Request a tour of 767 River Road and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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