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    366 Us-1 Falmouth, ME 04105

    For Sale
    $1,150,000

    Multi-tenant office building, 100% occupied.

    Property size:
    5,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 5,940 square foot, single-story office building situated on a 1.26-acre lot at 366 US Route One in Falmouth, Maine. Built in 1969, this Class B property boasts a multi-tenant occupancy of 100%, with three tenants currently leasing the two units. The asking price is $1,150,000, translating to a price per square foot of $193.60. The property is zoned BP - Business and Professional, offering flexibility for future use. Its prime location provides convenient access to both I-295 and the Falmouth spur of the Maine Turnpike, ensuring high visibility and accessibility. The well-maintained grounds offer a peaceful, natural setting, a desirable feature for tenants and investors alike. This property is an ideal investment for those seeking a stable, fully occupied asset with strong potential for long-term growth in a highly sought-after location. The building's 5,940 square feet are distributed across two units, making it suitable for a variety of business needs. This is a rare opportunity to acquire a well-maintained, fully occupied commercial property in a thriving Maine community. The property's location on US Route One in Falmouth, Cumberland County, zip code 04105, offers excellent visibility and accessibility.

    Property Features for 366 Us-1

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,940 SF
    Class
    B
    Lot Size
    54,886 SF

    Building Details

    Year Built
    1969
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Falmouth
    County
    Cumberland
    State
    Maine
    Longitude
    -70.22262856
    Latitude
    43.73806703

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-tenant office building, 100% occupied.
    Where is this office property / space located?
    The property is located at 366 Us-1 Falmouth, ME.
    What is the asking price?
    The asking price for this property is $1,150,000.
    Request Owner's contact information
    366 Us-1 Falmouth, ME 04105
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    Falmouth, ME 04105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    366 Us-1 Falmouth, ME 04105
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