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    531 Farmington Rd Strong, ME 04983

    For Sale
    $299,000

    High-traffic location, versatile space, great potential.

    Property size:
    2,508 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This 2,508 sq ft commercial property in Strong, ME, presents a unique investment opportunity. Situated on a 1.24-acre lot along heavily traveled Route 4, boasting an AADT of over 4,000 vehicles, this high-visibility location ensures significant exposure. Previously utilized as an automotive repair and body shop, the building features a spacious main garage area accessible via two large garage doors (one 12'x14', the other 12'x12'). The concrete slab floors and approximately 14' high ceilings provide ample working space. A convenient attached one-bedroom, one-bathroom apartment offers additional living quarters or rental income potential. Heating is provided by an oil-fired hot water baseboard furnace for the apartment and a wood-fired forced hot air furnace for the garage. Its prime location in Western Maine, approximately 45 minutes from Sugarloaf USA and Saddleback Ski Resorts, makes it ideal for a variety of commercial ventures or as a recreational camp and equipment storage facility. The property's versatility and high-traffic location offer significant potential for a wide range of businesses or personal uses. This is a rare opportunity to acquire a well-situated commercial property in a desirable area of Maine.

    Property Features for 531 Farmington Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,508 SF
    Lot Size
    54,014 SF

    Building Details

    Year Built
    1985
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Strong
    County
    Franklin
    State
    Maine
    Longitude
    -70.22083
    Latitude
    44.7682

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, versatile space, great potential.
    Where is this commercial real estate located?
    The property is located at 531 Farmington Rd Strong, ME.
    What is the asking price?
    The asking price for this property is $299,000.
    (207) 879-9800
    Request Owner's contact information
    531 Farmington Rd Strong, ME 04983
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    Strong, ME 04983
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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
    531 Farmington Rd Strong, ME 04983
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