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    18 Ellingwood Dr Newport, ME 04953

    Sponsored
    For Sale
    $419,900

    Spacious building, 3.13 acres, high traffic.

    Property size:
    3,216 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 18 Ellingwood Drive in Newport, Maine, presents a remarkable investment opportunity. Boasting 3,216 square feet of versatile space, this 2006-built structure sits on a sizable 3.13-acre lot, enjoying high visibility on the busy Route 2. The property's previous use as a daycare center highlights its adaptability, offering numerous possibilities for a wide range of businesses. Features include a Generac generator ensuring reliable power, efficient radiant heat throughout, and a secure, fenced-in yard. The interior layout is well-designed, incorporating a full kitchen, multiple bathrooms, and dedicated office space, providing ample room for both operations and administration. The substantial size and prime location make this property ideal for entrepreneurs seeking a thriving business environment. Its potential is vast, allowing for customization to suit diverse business needs. The asking price is $419,900. Don't miss this chance to acquire a well-maintained, strategically located commercial property with significant upside potential. Schedule a viewing today to explore the possibilities.

    Property Features for 18 Ellingwood Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,216 SF
    Lot Size
    136,343 SF

    Building Details

    Year Built
    2006
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Penobscot
    State
    Maine
    Longitude
    -69.25298
    Latitude
    44.82485

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious building, 3.13 acres, high traffic.
    Where is this commercial real estate located?
    The property is located at 18 Ellingwood Dr Newport, ME.
    What is the asking price?
    The asking price for this property is $419,900.
    (207) 942-8261
    Request Owner's contact information
    18 Ellingwood Dr Newport, ME 04953
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    Newport, ME 04953
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18 Ellingwood Dr Newport, ME 04953
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