87 U.s. Highway 1Verona Island, ME 04416Price: $1,895,000

  • Price: $1,895,000
  • 65 Days on Market
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Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 13.37Acreage
  • 1994Year Built
  • 10,000Square Feet
  • $5,153Taxes
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
Listed by Elaine Pelletier of Better Homes & Gardens Real Estate/The Masiello Group

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More Info

Tax Information

  • Parcel Number 87 US Highway 1 Veronaisland, me
  • Taxes$5,153

Location

  • Address87 U.s. Highway 1
  • Building Number87
  • CountyHancock
  • StateME
  • StreetU.s. Highway 1
  • TownVerona Island
  • Zip04416

Exterior

  • Exterior Vinyl Siding
  • RoofMetal

Property Information

  • Acreage13.37
  • Lot Features Business District
  • Property Uses Convenience Store, Freestanding Building, Commercial, Gas Station
  • Square Feet10,000

Other

  • Date Listed04/10/2026

Parking

  • Parking 21+ Spaces, On Site, Paved
  • Parking Features 21+ Spaces, On Site, Paved

Building

  • BasementSlab
  • Building ConstructionWood Frame
  • Commercial Bldg Information Traffic Count 800,010,000
  • Commercial Bldgnformation Maximum Floor Capacity 10,000
  • Flooring Carpet, Laminate, Tile, Vinyl
  • FoundationPoured Concrete, Slab
  • Stories2
  • Year Built1994

Amenities

  • Accessibility AmenitiesLevel Entry
  • Other AmenitiesBasement, Waterfront, Water View

Water Body

  • Water AccessPrivate, Well
  • Water Body TypeRiver
  • Water Info Island Yes
  • Water Info Water Frontage Owned 500
  • Water Info Waterfront Amount 500
  • Water ViewYes
  • WaterfrontYes

Basic Information

  • List Price$1,895,000
  • LocationTypeBusiness District, Near Shopping, Water View, Waterfront
  • MLS Number1657309
  • Property SubTypeMixed Use
  • Property TypeCommercial Sale
  • StatusACT

Property

  • Business TypeConvenience Store, Freestanding Building, Commercial, Gas Station
  • Other Structures Shed(s), Outbuilding
  • Sign On Property YN Yes

Utilities

  • Electric Circuit Breakers
  • Heat SystemGas Bottled, Propane, Baseboard, Hot Water, Radiant
  • Heating FuelGas Bottled, Propane
  • Heating YN Yes
  • Recreational Water Deeded, Waterfront Tidal
  • Waste Water DisposalPrivate Sewer, Septic Design Available

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