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2868 Rt. 3, Palermo, ME 04354

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For Sale

$59,900

Estimated Payment

$ 330 /mo. †

6.67% APR for 30 yrs.
$263 in taxes
Change Loan Terms

  • N/A
    Property type

Explore this Property

Located on the thoroughfare of Rt. 3 the Augusta/Belfast Road, this mixed use lot offers a prime location for a variety of commercial or residential opportunities. Easy commute to Waterville, Augusta or Belfast areas. No restrictions on residential options, mobile homes, double wide or stick built. Great location for a residential/commercial business.
MLS# 1575397

Courtesy Of Better Homes and Gardens-The Masiello Group
69A Island Street, Keene, NH 03431
(207) 623-4182

Property Features

  • Architecture Style
    Other

Map and Directions

Directions to 2868 Rt. 3, Palermo, ME 04354

Home seller CENTURY 21 Venture Ltd.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Venture Ltd.

(207) 622-6221
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $308
  • Property Taxes
    $21
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $330

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Maine Arts Academy

Grades 9-12 Public School

Sidney, ME 04330 20.5 miles
11 golden rod ln

200 total students
15:1 Student teacher ratio

School Rating: B-

School Details
Other Nearby Schools Distance Type Grades School Rating
Palermo Consolidated School 4 miles Public KG-8 B
Walker Memorial School 4.2 miles Public PK-5
Somerville Elementary School 5.4 miles Public PK

Palermo Consolidated School

Distance: 4 miles

Type Public

Grades: KG-8

B

Walker Memorial School

Distance: 4.2 miles

Type Public

Grades: PK-5

Somerville Elementary School

Distance: 5.4 miles

Type Public

Grades: PK

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Palermo, ME 04354

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Palermo, ME 04354

This community’s employment is highest in the administrative support and construction industries. The area’s overall household expenses are above the national average.

80° July
Hottest Average Month
8° January
Coldest Average Month
683 Total Households in Area
2.1% Increase in population since the year 2010
31.4%
of households
have children
30 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Palermo, ME 04354

Palermo, ME 04354 has a population of 1,630 people in 683 households with a median age of 42.6 years old.

2.1%
Increase in population
since the year 2010
Population is Trending up
668
Total households as of 2010
3.6%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 42.6 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 94%
Hispanic 1%
Native American <1%
Other <1%
Asian <1%
Black <1%
The most prevalent ethnicity is White at 94%, followed by Hispanic at 1%, Native American at <1%, and Other at <1%.

Economics
for Palermo, ME 04354

37 /sq mi
Population Density
$78,762 /yr
Median Household Income
$550,000
Median Sales Price
30 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $75-99,999k representing 20.11% of the households.

Transportation to Work

  • Drive 88%
  • Work from Home 10%
  • Walk or Bike 2%
  • Public Transit 0%

Occupancy by Type

Owned 652 68%
Vacant 278 29%
Rented 31 3%

White vs Blue Collar Jobs







White Collar 79%
Blue Collar 21%

Family & Education Facts
for Palermo, ME 04354

42.6 Median Age

Average Household Size

2.4
persons per
household

58.3%

Married Households

Community Population By Education

High School Graduate 35%
Bachelors Degree 23%
Some College 15%
Graduate Degree 12%
Associates Degree 11%
Some High School 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 35.36% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
31.4% of households have children

Weather
for Palermo, ME 04354

The weather for this area ranges from a high of 80° F in July to a low of 8° F in January

80° July
Hottest Average Month
8° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
8°
27°
Feb
9°
30°
Mar
20°
39°
Apr
32°
53°
May
42°
66°
Jun
51°
75°
Jul
57°
80°
Aug
55°
78°
Sep
47°
70°
Oct
37°
58°
Nov
28°
44°
Dec
14°
32°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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