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    36-38 Summer St Oakland, ME 04963

    For Sale
    $1,500,000

    New self-storage business with 65 units and remodeled ranch.

    Property size:
    11,700 SF
    Lot size:
    2.11 Acres

    Property Features for 36-38 Summer St

    General Information

    Size
    11,700 SF
    Lot size
    2.11 Acres

    Source: Harcourts Waterfront and Fine Properties Agent Charlene Hamiwka

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

    Overview

    Oakland Self-Storage and Ranch Home

    This commercial property features a self-storage business with 65 units constructed of durable metal. A web-based management system facilitates operation. The property is located in Oakland, near Waterville, Thomas, and Colby colleges, as well as Messalonskee Lake. The location is convenient for students, faculty, and lake house owners seeking storage solutions. The property also includes a remodeled 3-bedroom, 1-bath ranch home, suitable for use as a rental income source, office space, or residence. The property size is 11,700 square feet.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -69.7290807
    Latitude
    44.5436751

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    FAQs

    What type of property is this?
    Self storage facility - New self-storage business with 65 units and remodeled ranch.
    Where is this self storage facility located?
    The property is located at 36-38 Summer St Oakland, ME.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - High occupancy rates and low running expenses promise strong returns on investment.; - Brand new self-storage business with **65 units**.; - Includes a remodeled **3-bedroom, 1-bath ranch home** for rental income, office space, or residence.
    (877) 276-5859
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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
    36-38 Summer St Oakland, ME 04963
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