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    884 Kennedy Memorial Dr Oakland, ME 04963

    For Sale
    $625,000

    High-visibility Oakland commercial investment.

    Property size:
    4,240 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial investment opportunity is located at 884 Kennedy Memorial Drive in Oakland, Maine. The property boasts a prime location on Kennedy Memorial Drive, offering high visibility and convenient access to I-95 via the Waterville exit, just 0.7 miles away. The 1.4-acre lot features four separate buildings, currently generating income from five tenants. The property provides ample paved parking and significant road frontage, maximizing its potential for various commercial uses. The total square footage is approximately 4,240 square feet, based on estimations for the combined buildings. The lot size of 1.4 acres is as reported by the Town of Oakland tax records. This property presents a rare chance to acquire a well-situated, multi-building commercial complex with established rental income in a desirable location. The asking price is $625,000. The property's high visibility and convenient location make it an attractive investment for a variety of commercial ventures. The existing tenant base provides immediate cash flow, while the ample space and parking offer significant potential for future growth and expansion. Serious inquiries are encouraged to explore this promising investment opportunity further. Note that square footage is approximate and based on estimations for multiple buildings.

    Property Features for 884 Kennedy Memorial Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,240 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1940
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Hair Salon Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6927
    Latitude
    44.54345

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility Oakland commercial investment.
    Where is this commercial real estate located?
    The property is located at 884 Kennedy Memorial Dr Oakland, ME.
    What is the asking price?
    The asking price for this property is $625,000.
    (207) 873-2119
    Request Owner's contact information
    884 Kennedy Memorial Dr Oakland, ME 04963
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    Oakland, ME 04963
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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
    884 Kennedy Memorial Dr Oakland, ME 04963
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