4 Market Square, Houlton, ME
Mixed-Use Investment with National Tenant
Marketing description
Stabilized mixed-use investment on the most visible corner in downtown Houlton. The property features approximately 2,657 square feet of ground-floor commercial space fully leased to Fedcap, plus four residential units (three 2BR, one 1BR) providing diversified income. Recent capital improvements include a new water heater (2024) and updated furnace, oil tank, and sprinkler system (2017). Turnkey asset with a creditworthy anchor tenant and strong in-place cash flow in the heart of Aroostook County's county seat.
Investment highlights
Leased to Fedcap Inc., a national nonprofit with 110+ locations and $404.5M in annual revenue
7.41% cap rate on $800,000 asking price with $59,280 NOI
Historic mixed-use building with 4 residential units generating additional income
Located in historic downtown Houlton, ME on Market Square
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