New Flex Space on Commercial
For Sale
$229,900
402 Lakewood Road, Madison, ME 04950
Commercial Sale, Madison, ME
Property Size3,870 SF
Lot Size3.28 Acres
Price / SF$59.41
Days on Market12
Property Features for 402 Lakewood Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Basement
Dirt Floor
Lot features
Public Transport Access, Near Turnpike/ Interstate, Business District, Retail Strip
Standard status
Active
Size
3,870 SF
Lot size
3.28 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1548
Utilities
Heating system
None (Heating)
Building Details
Year built
2024
Building materials
Wood Frame, Metal Clad, Vertical Siding
Listing Agency:
Maine Source Realty
(207) 333-6001
Listed By:
Jon Mercier
(207) 333-6001
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 24 at 10:06PM
MLS# 1652601
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes a 3,870-square-foot flex space completed in 2024 on 3.28 acres of open, level commercial land. The building uses wood-frame construction with metal cladding and vertical siding, and the property is offered as real estate only rather than with an operating business. No heating system is identified.
Zoned COM, the site and building are described as suitable for heavy equipment storage, self-storage, or machine shop use, among other possibilities. The property is located at 402 Lakewood Road in Madison, Maine, within Somerset County and the 04950 postal area.
Zoned COM, the site and building are described as suitable for heavy equipment storage, self-storage, or machine shop use, among other possibilities. The property is located at 402 Lakewood Road in Madison, Maine, within Somerset County and the 04950 postal area.
Key Highlights
- 3.28 acres of open, level commercial land
- 3,870‑square‑foot flex space completed in 2024
- COM zoning
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04950, ME
4,726
Population
2,755
Households
1.7
Avg Household Size
46
Median Age
15%
College-Educated
95%
High-School Grad
51.9 sq mi
ZIP Area
91
Density / Sq Mi
$48,750
Median Household Income
$43,668
Median Earnings
$892
Median Rent
$154,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - A 2024 wood-frame building with metal cladding occupies open, level commercial land.
Where is this flex space located?
The property is located at 402 Lakewood Road Madison, ME.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 3.28 acres of open, level commercial land; 3,870‑square‑foot flex space completed in 2024; COM zoning
