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Executive Summary

Prime downtown location steps from LL Bean, Freeport Village shops, and free covered parking in the heart of Freeport.
97.6% occupied with nine (9) tenants across 20,741± SF of leasable space
Renovated in 2019 — significant mechanical system upgrades, electrical upgrades, common areas, and LED lighting in most areas
Prime downtown location steps from LL Bean, Freeport Village shops, and free covered parking

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,799 SF
Building Class
B
Year Built/Renovated
1990/2019
Price
$2,450,000
Price Per SF
$98.79
Percent Leased
98%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.88 AC
Zoning
VC1 - Village Commercial

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Cadenza is driven by the energy, enthusiasm and talent of Matt Fogg, Alan Mooney, Steve Poulos, Dan Skwire and others. Cadenza is a singular and intimate live performance venue with varied music styles including Traditional Jazz, Broadway, Great American Songbook, Blues, R&B, easy listening popular and more. Both local and national talent are featured. Early response in social media has been overwhelming, with more than 500 followers in the first two weeks! They are “performance ready” venue complete with a grand piano, an array of vintage keyboards, boutique drum kit, quality sound and lighting systems designed and installed by Jack Murray and more. Cadenza seats approximately 85 people. Light meals, wine and beer are available. Cadenza is also available to reserve for meetings, banquets, elegant company parties and family gatherings.

  • Retailer
  • -
  • -
  • Modified Gross
  • Apr 2019

Casco Bay Cutlery & Kitchenware is a unique retail store that has expanded to include a larger product selection. The store first opened in June 1991 serving the Freeport region and is one of Freeport's oldest independently owned and operated retailers. It offers visitors northern New England’s largest selection of kitchen cutlery, as well as an enormous selection of pocket and hunting knives. Among the many pocket and hunting knife brands stocked at Casco Bay Cutlery & Kitchenware are Almar, Benchmade, Buck, Case, Ka-bar, Columbia River, Gerber, SOG, Spyderco and Myercin rigging knives. If you are seeking a gentleman’s folding knife, the right cutting tool for a hunter or a machete for clearing brush in your back yard, Casco Bay Cutlery & Kitchenware will be able to satisfy your requirements. For that special high end gift check out the selection of hand made knives from local artisans and other makers from throughout the USA. The ever popular multiplier segment is well represented

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Criterium Engineers is a consulting engineering firm founded in 1957 and based in Freeport, Maine. The company focuses on evaluating residential, commercial, and institutional buildings, providing services such as property condition assessments, construction monitoring, building diagnostics, reserve studies, and environmental evaluations. Its work supports building owners, real estate investors, lenders, and homeowner associations in understanding the condition and performance of their properties. Over several decades, Criterium Engineers has assessed a wide range of structures across North America and has expanded through a network that includes franchise offices. The company maintains a private ownership structure and continues to build on its long operational history by offering engineering expertise tailored to building integrity and risk mitigation.

  • Finance and Insurance
  • -
  • -
  • -
  • -

Edward Jones began in 1922 when Edward D. Jones Sr. established the firm with a focus on treating clients fairly and offering appropriate, quality investments. The company developed a branch-office model that supports personalized conversations between financial advisors and individual investors, and the business serves clients across the United States and Canada. Edward Jones focuses on long-term investing, retirement planning, education savings, and insurance solutions for individuals and small businesses. The company emphasizes a relationship-based approach that centers on goal setting, portfolio guidance, and ongoing financial planning for clients seeking straightforward advice and long-term support.

  • Real Estate
  • -
  • $14.50
  • Full Service
  • Mar 2021

Freeport Werkes is a collaborative work space catering to today's small business entrepreneurs, located across the street from Nordica Theater in the heart of downtown Freeport. They offer a range of spaces tailored to your needs including open communal space, dedicated desks and private offices. Some of thier membership benefits include high-speed WiFi and LAN connections, free coffee and tea and access to fully-equipped meeting rooms. At Freeport Werkes, they are dedicated to providing a flexible workspace environment able to encourage creativity and focus as well as opportunities for networking and collaboration with other bright and talented professionals from a variety of industries.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

They are a people-centric company guided by the belief that employee owners are more committed to delivering quality services. They achieve this quality by building a team of diverse and talented professionals who work collaboratively to develop innovative planning, design and construction solutions for their clients. From airports and transportation infrastructure, to facilities and site/civil engineering, MJ's trusted professionals offer a full range of services aimed at maximizing value for their clients while improving the safety, efficiency and resiliency of the communities.

  • Services
  • -
  • $18.00
  • Full Service
  • Aug 2021

Shondra was born in South Korea, raised in Canada, and started her family in San Francisco. She has lived in Maine on and off since 1988, making it her home permanently in 2008. She am an adult adoptee, starting a new life with her American family at the age of 7 months. She likes to joke and is rediscovering her native culture through her two favorite things, food and skincare. Married since 2005,she has an 11-year-old son and a 100-pound black lab mix. She is a Maine licensed aesthetician with advanced training in Oncology Aesthetics, Aromatherapy, and Medical Aesthetics. She is Board certified in Massachusetts in Dermaplaning and Manual Lymphatic Drainage. Also, she trained classically as an actor, both with Rod Umlas at Beloit College and through Studio A.C.T. at the American Conservatory of Theatre in San Francisco. She has a B.A. in French and have also studied Spanish and ASL.

  • Wildflower Inc
  • Retailer
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Accommodation and Food Services - - - -
Retailer - - Modified Gross Apr 2019
Professional, Scientific, and Technical Services - - - -
Finance and Insurance - - - -
Real Estate - $14.50 Full Service Mar 2021
Professional, Scientific, and Technical Services - - - -
Services - $18.00 Full Service Aug 2021
Wildflower Inc Retailer - - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Johnny Rockets
Starbucks
Hannaford
Norway Savings Bank
Shaw's

Property Taxes

Property Taxes

Parcel Number
FPRT-000010-000024
Land Assessment
$367,600
Improvements Assessment
$1,743,200
Total Assessment
$2,110,800
  • Listing ID: 40756616

  • Date on Market: 6/2/2026

  • Last Updated:

  • Address: 5 Depot St, Freeport, ME 04032

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