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    46 First Park Dr Oakland, ME 04963

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    For Sale
    $2,250,000

    Five-unit office building in Oakland's premier commercial hub.

    Property size:
    11,760 SF
    Lot size:
    4.33 Acres

    Property Features for 46 First Park Dr

    General Information

    Size
    11,760 SF
    Lot size
    4.33 Acres

    Source: Malone Commercial Brokers Agent Mike Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Investment Opportunity

    This fully leased, five-unit office building offers an investment opportunity. The property contains 11,760 square feet of rentable space and is situated on approximately 3.78 acres. Established tenants provide long-term occupancy and reliable cash flow. The property is part of the Kennebec Regional Development Authority and is located in The First Park Commerce and Technology Center, Oakland’s premier commercial hub. The location provides regional access immediately off I-95 and is near Waterville’s Regional executive airport and Intermodal Depot. Several Central Maine locations are easily accessible, including Colby College and the Colby College Museum of Art. Portland and Bangor are each approximately one hour away. The well-kept property offers a low-maintenance investment opportunity with long-term appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6844829
    Latitude
    44.5476782

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    FAQs

    What type of property is this?
    Office building - Five-unit office building in Oakland's premier commercial hub.
    Where is this office building located?
    The property is located at 46 First Park Dr Oakland, ME.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Fully leased office building providing immediate and reliable cash flow.; - Established tenants with long-term occupancy.; - Excellent access to I-95 and proximity to Central Maine locations, including Colby College.
    (207) 358-7028
    Request Owner's contact information
    46 First Park 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
    46 First Park Dr Oakland, ME 04963
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