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Self-Storage Property

10 Grindstone Road, Medway, ME 04460

For Sale
$484,900

Three buildings and 25 separate sheds provide a mix of storage options, including a tenant-occupied seven-bay building.

Property Size14,400 SF
Lot Size2.97 Acres
Price / SF$33.67
Days on Market1056

Property Features for 10 Grindstone Road

General Information

Standard status Active
Size 14,400 SF
Lot size 2.97 Acres
Property subtype Commercial
Zoning commerical

Additional Details

Business Included Yes
Self-Storage Units 85
Tenant in Place Yes
Property Use Self Storage

Taxes and HOA fees

Annual Taxes $8,146

Building Details

Building Size 14,400 SF
Year Built 1990
Buildings 3
Stories 1
Listing Agency: ERA Dawson-Bradford Co.
Listed By: Adrian Nadeau
Source: Integrityhomesrealestategroup
Added: Dec 22, 2023 Changed: Nov 11 Last Checked: Nov 11 at 2:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Dawson-Bradford Co.

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Investment Insights

Based on property information with market context.

The property comprises three buildings and 25 standalone sheds on 2.97 acres. One 42-by-50-foot building is occupied by a business tenant and has seven bays. A second building of the same dimensions contains 12 storage units, while a 42-by-100-foot building has 22 units. The individual sheds measure 20 by 12 feet and are currently rented.

Located near the East Branch of the Penobscot River, the site is described as being in a high-traffic area. Tenants can access the storage areas at any time. The property was built in 1990.

Key Highlights

  • Three buildings and 25 standalone sheds on 2.97 acres
  • Tenant‑occupied 42‑by‑50‑foot building with seven bays
  • 42‑by‑50‑foot building with 12 storage units

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Electrical Service Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Barber Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

53
Businesses Nearby

Demographics for 04460, ME

1,236
Population
654
Households
1.9
Avg Household Size
53
Median Age
8%
College-Educated
88%
High-School Grad
76.7 sq mi
ZIP Area
16
Density / Sq Mi
$46,125
Median Household Income
$28,200
Median Earnings
$766
Median Rent
$84,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Frequently Asked Questions

What type of property is this?
Self storage facility - Three buildings and 25 separate sheds provide a mix of storage options, including a tenant-occupied seven-bay building.
Where is this self storage facility located?
The property is located at 10 Grindstone Road Medway, ME.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Three buildings and 25 standalone sheds on 2.97 acres; Tenant‑occupied 42‑by‑50‑foot building with seven bays; 42‑by‑50‑foot building with 12 storage units
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