Property profile

884 Kennedy Memorial Dr Oakland, ME 04963

OFF-MARKET
Commercial real estate
Property ID
US42-0422963
1.4 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 884 Kennedy Memorial Drive in Oakland, Maine, presents a unique investment opportunity. Priced at $650,000, this 1.4-acre lot boasts a substantial 3,800 square feet of retail space distributed across multiple buildings. The property enjoys excellent visibility and high traffic counts due to its strategic location on Kennedy Memorial Drive, directly across from Mid-Maine Marine. The expansive lot offers over 300 feet of road frontage, providing ample space for signage and customer access. The versatile layout of multiple buildings allows for diverse business applications and potential expansion. This property is ideal for entrepreneurs seeking a high-profile location with significant development potential in a thriving Maine community. The 04963 zip code ensures easy access to local amenities and a strong customer base. The property's size and location make it an attractive option for a variety of retail businesses seeking a prominent presence in Oakland. This is a rare opportunity to acquire a well-positioned commercial property in a desirable market. The square footage reflects the combined area of the multiple buildings on the site.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.4 ac (60,984 SF)
Zoning code HIGHWA
APN OAKL M:005 L:089
UPID US42-0422963

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

884 Kennedy Memorial Dr Oakland, ME 04963-4825
Oakland metro Census 25002 AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2026
Last sale
$425,000
1 recorded transaction
2026
$425,000

Zoning & alternative use

HIGHWA · Oakland, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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