Hardware Store with Real Estate

Highlights:

• - 5,822 SF building with a retail space and two additional income-generating apartments
• - Zoned DOWNTO, offering flexibility for retail and residential use
• - Prime location in the thriving Waldoboro area
• - 100% occupancy ensuring immediate returns

Description:

A rare investment opportunity featuring a locally owned national brand hardware store with two fully occupied apartments. Established presence and loyal customer base ensure consistent revenue. Dominant in the local market with minimal competition, creating a strong foundation for growth. Retiring owners open the door for expansion and increased profitability. Prime location in Midcoast, Maine enhances visibility and accessibility. Ideal for investors seeking stability and potential for future development.

Waldoboro is a sprawling, picturesque town in Lincoln County with a hint of grittiness leftover from its days as an industrial mill town and major shipbuilding port in the 19th and early 20th centuries. Located about 54 miles north of Maine's largest city, Portland, Waldoboro straddles coastal U.S. Route 1, the main tourist thoroughfare in the Midcoast region. It is about 150 miles from Boston. The summer resort areas of Wiscasset, Boothbay Harbor, Damariscotta, Camden, and Rockport are a short drive away. Fishing, farming, and outdoor recreation are popular pursuits, given Waldoboro's prime spot at the head of the Medomak River on Muscongus Bay.

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