Flex Space with Two Drive-In
For Sale
Contact for pricing
17-23 Roosevelt Trail, Casco, ME 04015
Two free-standing flex buildings on Route 302 with ample parking and drive-in doors for retail, flex, or industrial use.
Property Size8,800 SF
Price / SF$90.80
Days on Market668
Property Features for 17-23 Roosevelt Trail
General Information
Standard status
Active
Size
8,800 SF
Property subtype
RETAIL
Site & Location
Traffic Count
11,000 vehicles/day
Road Access
Yes
Additional Details
Drive-In Doors
2
Land Use
retail, flex, industrial, medical marijuana
Amenities
drive-in doors
Building Details
Buildings
2
Listing Agency:
SVN The Masiello Group
(603) 828-2864
Listed By:
Zeid Haddad
(603) 828-2864
Source:
Moodyscre
Added: Oct 3, 2024
Changed: Jul 30
Last Checked: Aug 1 at 6:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN The Masiello Group
Investment Insights
Based on property information with market context.
This flex space offering includes two free-standing buildings totaling 8,800 square feet at 17-23 Roosevelt Trail in Casco, ME. One unit contains 4,800 square feet and is leased to a long-term medical marijuana tenant. The second unit totals 4,000 square feet and is available for lease, either as an investment or for owner occupancy, giving flexibility based on the buyer’s plan.
The site is positioned on busy Route 302 with over 11,000 vehicles per day, providing strong visibility and easy customer access. The buildings have spacious interior space and include two drive-in doors, making the layout well-suited for retail, flex, or industrial uses.
With ample parking and a multi-building configuration, the property supports multiple operating approaches while keeping the option to lease the available unit alongside the existing tenant.
The site is positioned on busy Route 302 with over 11,000 vehicles per day, providing strong visibility and easy customer access. The buildings have spacious interior space and include two drive-in doors, making the layout well-suited for retail, flex, or industrial uses.
With ample parking and a multi-building configuration, the property supports multiple operating approaches while keeping the option to lease the available unit alongside the existing tenant.
Key Highlights
- Total of 8,800 SF across two free‑standing flex buildings
- 4,800 SF unit leased to a long‑term medical marijuana tenant
- 4,000 SF unit available for lease for investment or owner occupancy
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.4k | $9.48 |
| − Vacancy | −$3.0k | −$0.34 |
| EGI | $80.4k | $9.14 |
| − OpEx | −$12.1k | −$1.37 |
| NOI | $68.4k | $7.77 |
8,800 SF · lease $9.48/SF/yr · vacancy 3.57% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $92,030 @ 7.0% cap · market cap 11.52%
Second Best
Warehouse
$976.8K
$854.7K – $1.14M
NOI $68,379 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,308 @ 7.0% cap · market cap 21.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
11,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04015, ME
3,646
Population
2,982
Households
1.2
Avg Household Size
48
Median Age
32%
College-Educated
91%
High-School Grad
31.3 sq mi
ZIP Area
116
Density / Sq Mi
$64,229
Median Household Income
$43,870
Median Earnings
$1,214
Median Rent
$285,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Two free-standing flex buildings on Route 302 with ample parking and drive-in doors for retail, flex, or industrial use.
Where is this flex space located?
The property is located at 17-23 Roosevelt Trail Casco, ME.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Total of 8,800 SF across two free‑standing flex buildings; 4,800 SF unit leased to a long‑term medical marijuana tenant; 4,000 SF unit available for lease for investment or owner occupancy
