204 Center Rd lot b Fairfield, ME 04937

Listing agency Franklin Street - Corporate f***@franklinst.com Show Phone

Listed by Frank DeSalvo · License #NC #307512

Source Franklinst

Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM

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Investment Insights

Based on property information with market context.

This institutional-size self-storage facility is located in Fairfield, Southern Maine, along the Kennebec River, approximately 20 miles north of Augusta. The Augusta-Waterville MSA, the third largest in Maine, is home to 127,259 residents. The facility comprises 408 non-climate controlled units, totaling 63,520 net rentable square feet. The property benefits from a solar panel installation, resulting in zero electrical utility costs. There is heavy upside available through lease-up stabilization and the implementation of existing customer rent increases. The opportunity exists to increase revenue through maximizing fee income and tenant insurance sales. The facility is an excellent candidate for remote or semi-remote management, with essential vendor contracts and management software already in place. The population within five miles of the property is 27,099 residents and is growing at 1.2% annually. The average household income within five miles of the property is $68,393.

Key Highlights

• Zero electrical utility costs due to solar panel installation.
• Significant upside potential through lease‑up, stabilization, and rent increases.
• Opportunity to increase revenue through fee income and tenant insurance sales.

Property Analytics

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FAQs

What type of property is this?

Self storage facility - Self-storage facility in Fairfield, Maine with upside potential.

Where is this self storage facility located?

The property is located at 204 Center Rd lot b Fairfield, ME.

What is the asking price?

The asking price for this property is $4,875,000.

What are key features of this property?

This property features: Zero electrical utility costs due to solar panel installation.; Significant upside potential through lease‑up, stabilization, and rent increases.; Opportunity to increase revenue through fee income and tenant insurance sales.