About this home
Why This Property? This is a rare mixed-use investment combining retail, food service, fuel sales, residential income, and future development potential--all in one high-traffic, waterfront location. Ideal for owner-operators, investors, or entrepreneurs looking to expand. Turnkey Commercial Investment on U.S. Route 1 with Waterfront & Multiple Income Streams Exceptional opportunity to own a highly visible, income-producing commercial property with expansive frontage along busy U.S. Route 1. With daily traffic counts between 8,000-10,000 vehicles, this property offers outstanding exposure and endless potential for growth. Property Features: - Established convenience store with steady customer base - Fully equipped pizza business with commercial kitchen - Two full-service gas pumps - Additional space for a third business or expansion opportunity Commercial Kitchen lends to many possible avenues to make additional revenue in the food industry Additional Buildings: - Two separate structures previously used as a takeout restaurant and ice cream shop (ready for renovation and added income potential) - Detached storage shed Residential Income Potential: - Second floor features two completed one-bedroom apartments - Two additional units partially finished--ready to complete for added revenue Land & Location Highlights: - 13.37 acres of cleared land - Paved driveway with easy access - Prime frontage on U.S. Route 1 - Approximately 500± feet of waterfront on the Penobscot River
Listing last checked: Listing updated:
Listed by Listing Agent · Better Homes & Gardens Real Estate/The Masiello Group · MLS #1657309
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior2 property facts
- Heating
- Propane, Baseboard, Hot Water, Radiant
- Flooring
- Carpet, Laminate, Tile, Vinyl
Building4 property facts
- Style
- Mixed Use
- Year built
- 1994
- Foundation
- Slab
- Roof
- Metal
Land & utilities5 property facts
- Lot size
- 13.37 acres
- Water
- Private, Well
- Sewer
- Private Sewer
- Waterfront
- Y
- Zoning
- Commercial/Shoreland
Financial2 property facts
- Annual taxes
- $5,153
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,600,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$8,520 / monthAdjust
- Principal & interest
- $8,090
- Property tax
- $429
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,153. 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.
Explore more of Verona Island
Continue your search in Verona Island.
Need help making sense of this home?
About 87 U.S. Highway 1
Can I request a private showing?
Request a tour of 87 U.S. Highway 1 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.

