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    351 Main St Madison, ME 04950

    For Sale
    $225,000

    High-Yield, 26-Unit Storage Business

    Property size:
    3,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional investment opportunity presents a fully operational self-storage facility located at 351 Main Street, Madison, ME. The property encompasses a substantial 3,000 square feet of building space situated on a 1.66-acre lot, providing ample room for expansion. Currently boasting 26 individual storage units, 23 of which are presently occupied, this facility generates immediate income. The building itself is constructed on a durable concrete pad, ensuring longevity and minimizing maintenance. Its strategic location just outside of downtown Madison on Route 148 offers excellent visibility and accessibility. A significant gravel parking area is a key feature, presenting considerable potential for future development, such as adding more storage units or complementary businesses. The property's strong occupancy rate and prime location make it an attractive investment for those seeking a stable, high-yield commercial venture. The asking price is $225,000. This turnkey operation requires minimal effort to continue generating revenue, making it an ideal choice for investors seeking a low-maintenance, high-return investment. The substantial lot size and existing infrastructure provide a solid foundation for future growth and expansion. Serious inquiries are encouraged to explore this lucrative opportunity further.

    Property Features for 351 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,000 SF
    Lot Size
    72,310 SF

    Building Details

    Year Built
    1989
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Auto Parts Store Skin Care Clinic Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Somerset
    State
    Maine
    Longitude
    -69.86062
    Latitude
    44.79983

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield, 26-Unit Storage Business
    Where is this commercial real estate located?
    The property is located at 351 Main St Madison, ME.
    What is the asking price?
    The asking price for this property is $225,000.
    (207) 474-3303
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    351 Main St Madison, ME 04950
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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
    351 Main St Madison, ME 04950
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