87 U.S. Highway 1, Verona Island, ME 04416
$1,895,000
Property Type:
Commercial
Square Footage:
10,000
Lot Size (sq. ft.):
582,397
Status:
Active
Current Price:
$1,895,000
List Date:
4/10/2026
Last Modified:
4/14/2026
Overview
Description
...
(Read more)
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 Details MLS# 1657309
Location Information
- Street #
- 87
- Street Name
- U.S. Highway 1
- County
- Hancock
- Town
- Verona Island
- State/Province
- ME
- Zip Code
- 04416
- Leased Land
- No
- Book
- 1600
- Page
- 287
- Map
- Yes
- Lot
- 42
- Zoning
- Commercial/Shoreland
- Zoning Overlay
- Yes
- Full Tax Amount $
- 5153
- Tax Year
- 2025
- Tree Growth Y/N
- No
- Association Y/N
- No
Contract Information
- Original List Price
- 1895000
Property Information
- Primary Use
- Mixed Use
- Surveyed
- Yes
- Deed/Conveyance Type Offered
- Quit Claim w/Covenant
- Deed
- All
- Year Built
- 1994
- Tenancy
- Single Tenant
- Leases
- Yes
- Total # Floors
- 2
- SqFt Finished Total
- 10000
- Lot Size Acres +/-
- 13.37
Commercial Bldg Information
- Maximum Floor Capacity
- 10000
- Total Units
- 4
- Traffic Count +/-
- 800010000
Water Info
- Water Frontage
- Yes
- Waterfront Amount
- 500
- Water Frontage Owned
- 500
- Water View
- Yes
- Water Body Name
- Penobscot River
- Island
- Yes
Utilities
- Utilities On
- Yes
More Information
Levels
- Multi-Level
- Yes
Location
- Business District
- Yes
- Near Shopping
- Yes
- Water View
- Yes
- Waterfront
- Yes
Source of Water Frontage
- Public Records
- Yes
- Seller
- Yes
Property Uses
- Commercial
- Yes
- Convenience Store
- Yes
- Freestanding Building
- Yes
- Gas Station
- Yes
Water Body Type
- River
- Yes
Recreational Water
- Deeded
- Yes
- Waterfront Tidal
- Yes
Construction
- Wood Frame
- Yes
Other Structures
- Outbuilding
- Yes
- Shed(s)
- Yes
Basement
- Slab
- Yes
Foundation Materials
- Poured Concrete
- Yes
- Slab
- Yes
Exterior
- Vinyl Siding
- Yes
Roof
- Metal
- Yes
Heat System
- Baseboard
- Yes
- Hot Water
- Yes
- Radiant
- Yes
Heat Fuel
- Gas Bottled
- Yes
- Propane
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
- Tile
- Yes
- Vinyl
- Yes
Accessibilitiy Amenities
- Level Entry
- Yes
Building Features
- Storage
- Yes
Parking
- 21+ Spaces
- Yes
- On Site
- Yes
- Paved
- Yes
Electric
- Circuit Breakers
- Yes
Gas
- Bottled
- Yes
Sewer
- Private Sewer
- Yes
- Septic Design Available
- Yes
Water
- Private
- Yes
- Well
- Yes
Property Features
Location:
Business District; Near Shopping; Water View; Waterfront
Source of Water Frontage:
Public Records; Seller
Water Body Type:
River
Recreational Water:
Deeded; Waterfront Tidal
Construction:
Wood Frame
Other Structures:
Outbuilding; Shed(s)
Levels:
Multi-Level
Property Uses:
Commercial; Convenience Store; Freestanding Building; Gas Station
Basement:
Slab
Foundation Materials:
Poured Concrete; Slab
Exterior:
Vinyl Siding
Roof:
Metal
Heat System:
Baseboard; Hot Water; Radiant
Heat Fuel:
Gas Bottled; Propane
Floors:
Carpet; Laminate; Tile; Vinyl
Building Features:
Storage
Parking:
21+ Spaces; On Site; Paved
Electric:
Circuit Breakers
Gas:
Bottled
Sewer:
Private Sewer; Septic Design Available
Water:
Private; Well
Documents
IDX
Listing Office:
Better Homes & Gardens Real Estate/The Masiello Group
Last Updated: April - 14 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

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