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    222 Gray Rd Cumberland Center, ME 04021

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    For Sale
    $950,000

    7,200 SF industrial building on 5.1 AC lot.

    Property size:
    7,200 SF
    Lot size:
    7.07 Acres

    Property Features for 222 Gray Rd

    General Information

    Size
    7,200 SF
    Lot size
    7.07 Acres

    Source: Malone Commercial Brokers Agent Mike Anderson

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

    Overview

    Industrial Building with Redevelopment Potential

    The property features a 7,200 square foot industrial building situated on a 5.1 acre lot. Located in close proximity to I-95, the site offers convenient access. Significant upgrades were made to the mechanical, electrical, and HVAC systems between 2020 and 2022. The property was previously used as a medical marijuana cultivation facility and currently holds a license for this purpose. There are two older structures on the site that offer redevelopment potential, either individually or as part of a complete site redevelopment, subject to the town of Cumberland’s land use ordinances. Additionally, there is potential for a communications tower ground lease on a portion of the land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Evergreen Cannabis Co Herbalist

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland Center
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3157057
    Latitude
    43.8201696

    Nearby Similar for Sale

    • $950,000
      4,616 SF

      Turn Key Restaurant/Bar For Sale

      Turn-key restaurant/bar with recent updates, parking, and seating.
      319 Main St, Cumberland Center, ME 04021
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 7,200 SF industrial building on 5.1 AC lot.
    Where is this manufacturing property located?
    The property is located at 222 Gray Rd Cumberland Center, ME.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - 7,200\u00b1 SF industrial/specialty building on a spacious 5.1\u00b1 AC lot.; - Significant mechanical, electrical, and HVAC upgrades completed between 2020-2022.; - Conveniently located with close proximity to I-95.
    (207) 358-7028
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    222 Gray Rd Cumberland Center, ME 04021
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    Cumberland Center, ME 04021
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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
    222 Gray Rd Cumberland Center, ME 04021
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