$675,000
Historic Charm Meets Endless Possibilities on Route 2
Opportunity awaits at this versatile mixed-use property situated on highly visible Route 2 in Mexico, Maine. This unique property blends residential income potential, commercial flexibility, and rich local history into one remarkable offering.
Dating back to the early 1900s, the property has evolved over the years while maintaining its character and prominent location. Whether you’re an investor, entrepreneur, or someone seeking a live/work opportunity, 767 River Road offers a rare combination of history, versatility, and future potential.
Property Highlights
- Mixed-Use Property
- 3,726± Square Feet
- 1.57± Acres
- Five One-Bedroom, One-Bath Apartments
- Dedicated Office Space
- Detached Studio Building
- Exterior-Entry Event Space with Kitchen & Bath
- 11-20 Parking Spaces
- Beautiful Established Perennial Gardens
- High-Visibility Route 2 Location
- Additional Land Available for Expanded Parking
Multiple Income Streams & Flexible Uses
Currently configured with five one-bedroom, one-bath apartments, this property offers immediate income potential along with opportunities for expansion and reimagining. The dedicated office space and detached studio create additional possibilities for business use, creative space, remote work, or supplemental rental income.
For owner-occupants, the property presents the opportunity to live and work in one location while generating additional revenue through the residential units.
A Unique Event & Commercial Opportunity
One of the property’s most distinctive features is the exterior-entry event space, complete with its own kitchen and bathroom. This versatile area could accommodate gatherings, workshops, small events, business operations, or additional rental opportunities, subject to local approvals.
The detached studio further enhances the property’s flexibility and could serve a variety of uses, including office space, artist studio, workshop, or guest accommodations.
Historic Character Throughout
Originally operated as an inn in the 1930s, this property carries a rich history while continuing to adapt to modern needs. Inside, you’ll find beautiful hardwood flooring in many areas and thoughtful updates completed over time to support continued functionality and everyday use.
Its combination of historic charm and modern versatility creates a truly distinctive property unlike anything else currently available.
A Property Full of Potential
Whether you’re looking to expand your investment portfolio, establish a live/work property, create an event venue, or continue the property’s long tradition of mixed-use operations, 767 River Road offers exceptional flexibility and opportunity.
With multiple income streams, excellent visibility, significant river frontage, and a history that spans more than a century, this is a rare opportunity to own one of western Maine’s truly unique properties.
Seller is willing to include additional land to provide expanded parking opportunities. Event inventory is also available for purchase.
Interested in 767 River Road or other Rangeley listings? Browse all Rangeley Lake area properties or contact Liz Walker-Feeney and the team at 207-751-2028 to schedule a private showing.
