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50 Davis St Presque Isle, ME 04769

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For Sale
$1,450,000

85-site mobile home community in Presque Isle, Maine.

Lot size:
8.20 Acres

Property Features for 50 Davis St

General Information

Lot size
8.20 Acres

Source: Colliers | Boca Raton Agent Mike Nissley

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


Overview

Presque Isle Mobile Home Community

The Presque Isle Mobile Home Community features 85 mobile home sites, 21 of which have park-owned homes. Located in Presque Isle, Maine, the regional hub of Northern Maine, the property benefits from strong agricultural roots, a growing healthcare and education sector, and strategic access to U.S. Route 1 and I-95. This mobile home community offers investors a value-add opportunity through stabilization and operations. Public utilities are available. There is an opportunity to increase revenue by implementing utility billback. Immediate upside exists from increasing occupancy, as well as the opportunity to increase rates.
Insight Report Location Intelligence

Current Use by Public Records

Presque Isle Trailer ... Mobile Home Park

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

Location Insight

  • Map
  • Local Demand
City
Presque Isle
County
Aroostook
State
Maine
Longitude
-68.0063259
Latitude
46.6901822

FAQs

What type of property is this?
Mobile home & RV park - 85-site mobile home community in Presque Isle, Maine.
Where is this mobile home & rv park located?
The property is located at 50 Davis St Presque Isle, ME.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: - High 19% Cap Rate on Stabilized Operations; - Value-Add Opportunity through Stabilization and Operational Improvements; - Immediate Upside from Increasing Occupancy
More about this property
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