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    783 Park St Paris, ME 04281

    For Sale
    $470,000

    6.37 Acres, Multi-Use Potential, $470,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 6.37-acre commercial property at 783 Park Street in Paris, Maine, presents a unique investment opportunity. The property boasts three mixed-light greenhouses featuring fully irrigated living soil raised beds, ideal for diverse agricultural uses. A substantial 2,400 square foot shop and a 40-foot Conex box with power provide ample storage and workspace. The site benefits from two 200-amp single-phase electrical panels, supplying power to all greenhouses, the shop, and the Conex box. An adjacent parcel is available for purchase, offering the potential for cost-effective three-phase power connection. Previously utilized for solvent-less hash production and cannabis cultivation employing regenerative farming techniques, this versatile property readily adapts to various agricultural ventures, including nurseries or traditional food production. The property's second floor presents a promising opportunity for residential conversion with minimal renovations, adding to its overall appeal. Located on the Route 26 corridor, this property offers convenient access to both urban amenities and the scenic mountains, making it an attractive homesteading option. Low taxes and operating costs further enhance its investment potential.

    Property Features for 783 Park St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    277,477 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Oxford
    State
    Maine
    Longitude
    -70.51334
    Latitude
    44.27761

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - 6.37 Acres, Multi-Use Potential, $470,000
    Where is this commercial real estate located?
    The property is located at 783 Park St Paris, ME.
    What is the asking price?
    The asking price for this property is $470,000.
    (207) 773-7100
    Request Owner's contact information
    783 Park St Paris, ME 04281
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    Paris, ME 04281
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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
    783 Park St Paris, ME 04281
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