$649,000
( $159.07Per Sq Foot )
 $3,484 est/mo Sourced by Back At You

2487 Main Street,Rangeley, ME 04970

Rangeley, ME 04970

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Description

Located in the heart of downtown Rangeley, 2487 Main Street presents a rare opportunity to acquire a highly visible mixed-use commercial property with both immediate income and significant value-add potential. Currently occupied by the established Black Bear Trading Post, this prominent Main Street location benefits from steady year-round traffic from local residents, seasonal visitors, outdoor enthusiasts, and vacationers drawn to the Rangeley Lakes Region. The ground floor is home to Black Bear Trading Post, providing stable occupancy and income. Above the retail space are two undeveloped upper floors that offer substantial redevelopment potential. These levels could potentially be renovated into three to four residential apartments, subject to municipal approvals and permitting requirements. With Rangeley experiencing a strong demand for long-term rental housing and a limited supply of available units, the upper floors present an outstanding opportunity for investors or developers to create much-needed residential housing while enhancing the property's income potential. The combination of an established commercial tenant and future residential development possibilities makes this a compelling investment in one of Maine's premier four-season destinations. CONTACT LISTING BROKER- CHRISTOPHER C FARMER, ESQ, 207-450-4600

Details

MLS #1672824
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1900
Days On Site60
Listing Provided ByMorton & Furbish Agency | Christopher Farmer

Features

SQ Feet4,080
BasementY
Story(s)3
ZoningDowntown Commercial
Acreage0.13

Interior

Heating Yes / NoYes
Cooling Yes / NoNo
CoolingNone

Exterior

RoofShingle
Foundation DetailsStone, Brick/Mortar
Lot FeaturesBusiness District, Near Shopping, Water View
Construction MaterialsWood Frame, Aluminum Siding

Parking

Parking Features1 - 4 Spaces

Utilities

SewerPublic Sewer
ElectricCircuit Breakers, Combination, Fuses

Taxes

Tax Annual Amount4328
Tax Book Number3540
Tax Year2024
Tax Lot101
Tax Map Number37

Area Information

StateME
CountyFranklin
CityRangeley
Zip Code04970
AreaFranklin
Listing VS Median (in 04970)
Price:
$649,000
low | high
Med:
$599,000
57.704160246533% of Average
sqft:
4,080
low | high
Med:
1,389
100% of Average
$ / sqft:
$159
low | high
Med:
$432
100% of Average
On site:
60
low | high
Med:
119.5
50.20920502092% of Average
Sourced by Back At You

Market Activity 04970

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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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

Contact

Learn More About This Property

Wendy Tauber

Wendy Tauber

HK Realty

 (603) 502-7151wendy@h-krealty.com
StateME
CountyFranklin
CityRangeley
Zip Code04970
AreaFranklin
Listing VS Median (in 04970)
Price:
$649,000
low | high
Med:
$599,000
57.704160246533% of Average
sqft:
4,080
low | high
Med:
1,389
100% of Average
$ / sqft:
$159
low | high
Med:
$432
100% of Average
On site:
60
low | high
Med:
119.5
50.20920502092% of Average
Sourced by Back At You
Listing Updated: July 21, 2026 at 1:57:53 PM PDT