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    399 Main St Bingham, ME 04920

    For Sale
    $975,000

    Prime location, high visibility, ample space.

    Property size:
    24,940 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at 399 Main Street in Bingham, Maine, presents a unique investment opportunity. Situated on Route 201, a major thoroughfare, this property boasts unparalleled visibility and accessibility within the vibrant Bingham town center. The expansive 24,940 square foot space is distributed across three buildings, offering significant flexibility for a variety of industrial uses. The largest building, encompassing 20,330 square feet, is currently leased to a well-established, employee-owned construction and construction services company at a monthly rate of $6,750, providing a stable and reliable income stream. This long-term tenant adds significant value and credibility to the property. The two smaller buildings, totaling 4,610 square feet, offer additional revenue potential. Local market research indicates strong demand for winter storage, particularly for boats, suggesting a viable strategy for maximizing rental income from these spaces. With its strategic location, substantial square footage, and existing lease, this property is ideally suited for businesses seeking expansive warehouse facilities or those looking to capitalize on seasonal storage needs. The 6.8-acre lot provides ample space for expansion or future development. This property offers a compelling blend of immediate income and long-term growth potential. The asking price is $975,000.

    Property Features for 399 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    24,940 SF
    Lot Size
    296,208 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Clothing Store Auto Repair Shop Food Market Auto Parts Store HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bingham
    County
    Somerset
    State
    Maine
    Longitude
    -69.88282
    Latitude
    45.06394

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high visibility, ample space.
    Where is this commercial real estate located?
    The property is located at 399 Main St Bingham, ME.
    What is the asking price?
    The asking price for this property is $975,000.
    (207) 879-9800
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    399 Main St 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
    399 Main St Bingham, ME 04920
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