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2 Baths
2,300 sqft

$498,500

427 Main Street, Norway ME, 04268

Built in1900
Property size2,300 sqft
Property typeMulti-family
Courtesy of Portside Real Estate Group

Overview

Active

Listed Oct 23, 2026

Updated 45h ago

Prime Main Street Mixed-Use Investment Opportunity in Downtown Norway! Located along the vibrant and historic Main Street in Norway, Maine, 427 Main Street presents an exceptional opportunity to own a beautifully updated mixed-use property in the heart of one of the area's most charming downtown communities. Currently home to Dolce Amici restaurant on the first floor, with two tastefully renovated one-bedroom apartments above, this property offers an appealing combination of commercial and residential space with multiple income-producing possibilities. Surrounded by locally owned shops, restaurants, galleries, and a welcoming downtown atmosphere, this desirable Main Street location offers excellent visibility and convenient access for customers and residents alike. The first-floor commercial space features an inviting restaurant setting with outdoor seating that adds to the charm and energy of downtown Norway. On-site parking further enhances the property's appeal and convenience. Since 2019, the building has benefited from substantial renovations and thoughtful improvements, creating a more modern, efficient, and attractive property while preserving its downtown character. Investments include a new heating system in 2020, updated first-floor windows and flooring, energy-efficient heat pumps, and significant electrical and plumbing upgrades. Both second-floor apartments have been tastefully renovated, offering comfortable and inviting living spaces, while new exterior stairs provide improved access to the residential units. For an investor, the combination of established commercial space and two residential apartments creates an attractive opportunity for diversified rental income. For a restaurant owner or entrepreneur seeking to own their commercial real estate, the property's desirable location, existing restaurant layout, and potential for supplemental apartment income offer a compelling long-term investment.

$3,317/mo

Est. mortgage payment based on a $498,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1685479

Interior Features

Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$2,168
Tax Frequency
Annually
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Listing Contact: 207-716-6335

Listed by Emily Theriault with Portside Real Estate Group 207-716-6335

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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Chandler Crans shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data is refreshed every 3 hours. Listing last updated at 5:08 AM UTC, 10/24/2026

 

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