76 Northern Ave, Gardiner, ME

Listing agent Nicholas Lucas Show Phone

Listing office The Boulos Company Show Phone

Listing date Apr 24, 2024

Source Moodyscre

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Overview

This 48,771 square foot office building is fully leased to the Department of Professional & Financial Regulation through December 31, 2033. Situated on 9.5 acres, the property is located less than a mile from downtown Gardiner and directly off Maine Avenue/Route 201. The building underwent approximately $1,500,000 in renovations during 2022 and 2023. These renovations included new interior paint, carpet, and windows. The estimated net operating income is $370,386, with a cap rate of 7.3%. This property is intended for use as an office building.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

Location Insight

• Map
• Local Demand

City

Gardiner

County

Kennebec

State

Maine

Longitude

-69.7784

Latitude

44.2362

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FAQs

What type of property is this?

Office building - 48,771 SF office building fully leased through 2033.

Where is this office building located?

The property is located at 76 Northern Ave Gardiner, ME.

What is the asking price?

The asking price for this property is $5,100,000.

What are key features of this property?

This property features: Large 48,771+\/- SF state office building on 9.5+\/- acres.; Fully leased through 12/31/2033 to Department of Professional & Financial Regulation, providing stable long‑term income.; Estimated NOI of $370,386 offers a strong return on investment.