Corner Lot Mixed-Use Development
82 Gray & 59 Leighton Road, Falmouth, ME 04105
COMMERCIAL - Falmouth, ME
Property size:
6,000 SFLot size:
2.83 AcresPrice / SF:
$258/SF- Added:
- Mar 8, 2026
- Days on Market:
- 112
- Last Refresh:
- Jun 28 at 3:06 am
Property Features for 82 Gray & 59 Leighton Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- VMU
- Rooms
- Basement
- Parking features
- Off Street
- Basement
- Full
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 2.83 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10518
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Building materials
- Wood Frame
Listing agent Ann Marie Thompson (207) 838-8130
Listing office Pine Tree Realty of Maine 76 Tandberg Trail, Windham, ME (207) 893-8006
Listing date Mar 8, 2026
MLS# 1637851
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime corner lot in Falmouth, highly visible and near Maine Turnpike Exit 53.
- Development opportunity for multi‑unit residential, restaurant, office, or retail uses (pending approvals).
- Partially finished 4,000+ SF Insulated Concrete Form (ICF) building with two floors, a full basement, and truck drive‑in access.
- Two separate lots sold together, each with its own driveway entrance and approval for additional access.
- Serviced by public water and sewer.
- Includes a move‑in ready 1,260 SF Cape‑style home with 3‑4 bedrooms, 2 baths, and a detached garage, convertible to a professional office.
Overview
This for-sale mixed-use development site includes two separate lots sold together, each with its own driveway entrance, with approval for additional access. The property is served by public water and sewer. Existing improvements consist of a partially finished 4,000+ SF Insulated Concrete Form (ICF) building with ICF walls in place for two floors and a full basement, along with concrete first and second floors. The basement is designed for business inventory storage, and the main level was built to allow truck drive-in access for unloading. The second floor is planned as a two-unit dwelling, and many windows and materials for completion are already on site.
Also included is a 1,260 SF Cape-style home with 3–4 bedrooms, 2 baths, and a detached garage. The home is move-in ready or can be converted into a small professional office suitable for medical, dental, real estate, or other service-based uses. A third dwelling is present on the property, but would require significant renovation or demolition.
Located on a highly visible corner in Falmouth near Maine Turnpike Exit 53, this site is zoned VMU and supports a broad range of uses, pending town approvals. With truck-capable unloading space, an office-compatible residence, and a partially completed multi-unit ICF structure, the property offers a practical platform for mixed-use and service-oriented tenants or owner-operators planning phased completion.
Also included is a 1,260 SF Cape-style home with 3–4 bedrooms, 2 baths, and a detached garage. The home is move-in ready or can be converted into a small professional office suitable for medical, dental, real estate, or other service-based uses. A third dwelling is present on the property, but would require significant renovation or demolition.
Located on a highly visible corner in Falmouth near Maine Turnpike Exit 53, this site is zoned VMU and supports a broad range of uses, pending town approvals. With truck-capable unloading space, an office-compatible residence, and a partially completed multi-unit ICF structure, the property offers a practical platform for mixed-use and service-oriented tenants or owner-operators planning phased completion.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.8k | $31.80 |
| − Vacancy | −$11.4k | −$1.91 |
| EGI | $179.4k | $29.89 |
| − OpEx | −$80.7k | −$13.45 |
| NOI | $98.6k | $16.44 |
6,000 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,644 @ 7.0% cap · market cap 6.36%
Second Best
Office B
$1.23M
$1.07M – $1.43M
NOI $85,897 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,437 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Falmouth
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3006046
- Latitude
- 43.7345456
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-lot corner site with public water and sewer, featuring a partially finished ICF building and a move-in-ready home.
Where is this mixed-use property located?
The property is located at 82 Gray & 59 Leighton Road Falmouth, ME.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Prime corner lot in Falmouth, highly visible and near Maine Turnpike Exit 53.; Development opportunity for multi‑unit residential, restaurant, office, or retail uses (pending approvals).; Partially finished 4,000+ SF Insulated Concrete Form (ICF) building with two floors, a full basement, and truck drive‑in access.
