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Bean Group
Offered at $279,000Under Contract
beds
—
baths
0
sq ft
1,300
Built
1970

59 School Street

Stonington, ME 04681

About this home

Located just outside Stonington Village at the corner of Cemetery Road and School Street, this property sits in a high traffic, highly visible spot. Most recently home to the town's pharmacy, the building is currently configured for pharmacy use and offers a near turn-key setup, or retail shop, bakery, deli, wine shop, commercial kitchen, or dispensary. The property includes ample on-site parking and service windows, both of which add to its day- to-day functionality and ease of access for customers. Before operating as a pharmacy, the building was home to Connie's Restaurant, a classic diner, followed by a pizza restaurant. The septic system still includes a grease trap from that earlier restaurant use, which gives future owners more flexibility depending on the type of business they plan to run. With its visible corner location, established commercial history, flexible layout, and existing infrastructure, this property is well suited to a range of business uses, subject to applicable town approvals.

Listing last checked: Listing updated:

Listed by Listing Agent · The Island Agency · MLS #1672244

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Details at a glance

Interior2 property facts
Heating
Propane, Forced Air
Flooring
Vinyl, Linoleum
Building4 property facts
Style
Retail
Year built
1970
Foundation
Block
Roof
Shingle
Land & utilities4 property facts
Lot size
0.7 acres
Water
Public
Sewer
Public Sewer
Zoning
Commercial
Financial2 property facts
Annual taxes
$1,855
Assessment year
2026

Location

Estimated monthly cost

Explore costs at the $279,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,565 / monthAdjust
Principal & interest
$1,411
Property tax
$155
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $1,855. 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 59 School Street

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Request a tour of 59 School Street 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?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.