2487 Main Street

About this home

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.