Courtesy: NextHome Experience
207-573-7400
Discover a versatile investment opportunity with 340 Main Road, a multi-use property set on 1.99± acres in the small community of Passadumkeag. This property features two well-maintained apartments and a large, adaptable ground-floor space, offering strong income potential and room for future expansion. Upstairs, you will find a comfortable 1-bedroom unit and a spacious 3-bedroom apartment with an enclosed porch, both with solid rental histories, making this a great option for owner-occupants or investors looking for immediate cash flow. The lower level was previously used as a general store and lunch counter but is now a blank slate, ready to be reimagined. With proper approvals, this space could be converted into additional rental units, a workshop, studio space, or a live/work setup, depending on your vision. Whether you're looking to expand your rental portfolio, start a small business, or create a custom living space, 340 Main Road offers flexibility and value in a rural setting.
Passadumkeag is located in Maine. Passadumkeag, Maine has a population of 515. Passadumkeag is less family-centric than the surrounding county with 22.67% of the households containing married families with children. The county average for households married with children is 26.71%.
The median household income in Passadumkeag, Maine is $43,750. The median household income for the surrounding county is $55,125 compared to the national median of $69,021. The median age of people living in Passadumkeag is 49.4 years.
The average high temperature in July is 79.7 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 42.5 inches per year, with 74.6 inches of snow per year.
