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Property profile

9 Burrows St Rockland, ME 04841

OFF-MARKET
Industrial properties
8,100 SF 4.44 ac lot Built 1989
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Property summary

AI-generated overview

This exceptional 8,100 square foot industrial property, located at 9 Burrows Street in Rockland, Maine, presents a significant opportunity for a variety of industrial uses. The building features a durable metal arched structure and robust concrete floors, complemented by four large overhead garage doors for easy loading and unloading. The interior layout includes two offices conveniently situated near the front entrance, providing a professional workspace. Four additional spaces offer versatile options for storage or additional office areas, catering to diverse operational needs. Heating is efficiently managed by two furnaces – one fueled by heating oil and the other by waste oil, offering cost-effective solutions. The expansive 4.44-acre lot provides ample off-street parking, a significant advantage for businesses requiring substantial vehicle access. The property's history includes the storage of salt and sand for road treatment, highlighting its suitability for related industries. A compelling aspect of this offering is its adjacency to a city-owned 13+ acre property, also available for purchase. The city actively encourages the purchase of either or both properties to facilitate further industrial development, presenting a unique opportunity for expansion or synergistic ventures. Seller concessions are available, making this an attractive investment prospect.

Property profile

Verified
Property type Industrial properties
Year built 1989
Total area 8,100 SF
Lot 4.44 ac (193,406 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9 Burrows St Rockland, ME 04841
Rockland metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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