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    1298 Alfred Rd Arundel, ME 04046

    For Sale
    $450,000

    Prime Arundel location, 3,282 sq ft, 2.6 acres.

    Property size:
    3,282 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at 1298 Alfred Road in Arundel, Maine, presents a unique investment opportunity. The building offers 3,282 square feet of versatile space, ideal for a variety of office or retail uses. Its flexible layout allows for customization to suit diverse business needs. The property sits on a generous 2.6-acre lot, providing ample space for expansion, parking, or outdoor activities. A significant advantage is the inclusion of a stand-alone ATM, currently generating over 1,500 transactions monthly. The seller is offering a 5-year leaseback on this ATM, providing immediate and consistent rental income. This leaseback arrangement offers a secure return on investment while allowing the buyer time to develop their own business within the property. The property's location in Arundel offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving community. The asking price for this exceptional commercial property is $450,000. Detailed financial information regarding the ATM leaseback is available upon request. This is a rare opportunity to acquire a well-situated commercial property with a built-in income stream. Don't miss out on this chance to own a piece of Arundel's commercial landscape.

    Property Features for 1298 Alfred Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,282 SF
    Lot Size
    113,256 SF

    Building Details

    Year Built
    1994
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Wholesale Shop Auto Repair Shop Auto Parts Store Hotel & Motel Food Market Grocery Store Storage Facility Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Arundel
    County
    York
    State
    Maine
    Longitude
    -70.58562
    Latitude
    43.47895

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Arundel location, 3,282 sq ft, 2.6 acres.
    Where is this commercial real estate located?
    The property is located at 1298 Alfred Rd Arundel, ME.
    What is the asking price?
    The asking price for this property is $450,000.
    (207) 773-7100
    Request Owner's contact information
    1298 Alfred Rd Arundel, ME 04046
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    Arundel, ME 04046
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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
    1298 Alfred Rd Arundel, ME 04046
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