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$695,000 -$40,000 (-5.44%) Price Reduced
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Property Description
Fully leased commercial investment opportunity in a highly visible and desirable Freeport location. Situated on 1.26 acres along US Route 1 and I-295, this 1,616± SF, 1.5-story commercial building offers a strong combination of established tenancy, onsite parking, and long-term ownership potential. Built in 2004 and zoned General Commercial, the property provides flexibility for a variety of commercial uses. The property offers further development potential, including a second-floor apartment in the main building and additional development opportunities with the land. This is an attractive opportunity for an investor seeking an income-producing asset in the Greater Freeport market. Located in between US Route 1 and I-295 highlights excellent visibility and convenient access to Freeport, Brunswick, Portland, and surrounding communities. A compelling opportunity to acquire a leased commercial property with valuable land, established infrastructure, and multiple potential long-term uses. NOTE: Real Estate is for sale. Not the business. Lease in place until May 31, 2032. Tenant pays all utilities. Owner pays property tax, property insurance and minor building maintenance.
Full Property Details
Full Property Details for 150 U S 1
General
- Price: $695,000
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1675705
- Updated: 10/9/2026
- Added to Site: 25 day(s) ago
Business
- Business Type: Commercial, Restaurant
Interior
- Flooring: Carpet, Laminate, Ceramic Tile
Parking
- Parking Features: 21 or More Spaces, Paved, On Street
Location
- County: Cumberland
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Oil, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Shingle
- Stories/Levels: 1
- Square Feet: 1,616
- Year Built: 2004
Lot Features
- Lot Size (Acres): 1.26
- Lot Size (Sq. Ft.): 54,885.6
- Zoning: GC
- Lot Description: Near Shopping, Near Turnpike/Interstate
Disclosures and Reports
- Lot Number: 66
Listed by Portside Real Estate Group (207) 495-3700
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Price & Sales History for 150 U S 1
Date
Details
Price
Change
Source
10/09/2026
Price Reduced
$695,000
-5.44%
MLS
9/14/2026
Price Reduced
$735,000
-2%
MLS
8/11/2026
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 150 U S 1
150 U.S. 1, Freeport, ME 04032 (MLS# 1675705) is a Commercial property. 150 U.S. 1 is currently listed for $695,000 and was received on September 14, 2026. Want to learn more about 150 U.S. 1? Do you have questions about finding other Commercial real estate for sale in Freeport? You can browse all Freeport real estate or contact a Coldwell Banker agent to request more information.

