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    43 Owens St Bingham, ME 04920

    For Sale
    $599,000

    10,000 sq ft, 18 rooms, 1.31 acres

    Property size:
    10,404 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This expansive 10,404 square foot commercial property in Bingham, Maine, presents a remarkable investment opportunity. Formerly a nursing home, the main building boasts 18 sizable rooms adaptable for diverse uses, including office space, residential units, classrooms, or meeting rooms. A fully equipped industrial kitchen and cafeteria, along with a lounge, administrative offices, and a hair salon, add to the property's versatility. Convenient storage rooms and industrial-grade washers and dryers are included. The property benefits from a modern 2017 HWBB heating system, supplemented by four heat pumps providing both air conditioning and auxiliary heat. Safety features include a sprinkler system and hard-wired smoke alarms. High-speed internet access and a backup generator ensure operational reliability. Two 1,000-gallon buried propane tanks provide ample fuel capacity. Two additional detached office buildings are already prepared for immediate occupancy. Ample parking is provided with over 25 designated spots. The generous 1.31-acre lot offers significant potential for future expansion. This turnkey property is ready for its next chapter, offering endless possibilities for a discerning buyer.

    Property Features for 43 Owens St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,404 SF
    Lot Size
    57,064 SF

    Building Details

    Year Built
    1974
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Wholesale Shop Dental Office Clothing Store Hotel & Motel Auto Parts Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Bingham
    County
    Somerset
    State
    Maine
    Longitude
    -69.87844
    Latitude
    45.05437

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    FAQs

    What type of property is this?
    Commercial real estate - 10,000 sq ft, 18 rooms, 1.31 acres
    Where is this commercial real estate located?
    The property is located at 43 Owens St Bingham, ME.
    What is the asking price?
    The asking price for this property is $599,000.
    (207) 942-6310
    Request Owner's contact information
    43 Owens St Bingham, ME 04920
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    Bingham, ME 04920
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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
    43 Owens St Bingham, ME 04920
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