Log In/Sign Up
Your email has been sent.
191 Maine Avenue 2,600 SF Office Building Farmingdale, ME 04344 $400,000 ($153.85/SF) 12.24% Cap Rate
Executive Summary
585 Maine Avenue is a five-unit multifamily property with two first floor residential units, three second floor residential units, and a large, two car garage space on the basement level of the property. Laundry currently onsite for tenant use. Site has ample parking. 591 Maine avenue is a separate office building also offered for sale in conjunction with this listing. Formerly a retail coffee shop. The property is currently tenanted. Maine Avenue provides convenient access between Augusta and Gardiner, lending itself nicely to a reliable, steady tenant base. Pro forma available in listing.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,600 SF
Building Class
C
Year Built
1961
Price
$400,000
Price Per SF
$153.85
Cap Rate
12.24%
NOI
$48,942
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,300 SF
Building FAR
0.09
Lot Size
0.65 AC
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | FARE-000031-000000-000107 | Improvements Assessment | $238,200 |
| Land Assessment | $86,000 | Total Assessment | $324,200 |
Property Taxes
Parcel Number
FARE-000031-000000-000107
Land Assessment
$86,000
Improvements Assessment
$238,200
Total Assessment
$324,200
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
191 Maine Avenue
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.