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    234 Middle Rd Falmouth, ME 04105

    Sponsored
    For Sale
    $1,495,000

    Prime Falmouth location, mixed-use investment.

    Property size:
    4,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 234 Middle Road in Falmouth, Maine (04105), presents a unique investment opportunity. The 4,280 square foot building, constructed in 1889, sits on a 0.31-acre lot and is zoned for Middle Road Special District use (APN: 05070_U23-002). The property features a blend of retail/office space and a three-level townhouse, offering versatility for owner-occupancy or continued leasing. The building boasts recently renovated interior and exterior spaces, complemented by attractive landscaping and ample green space. Its prominent location at the intersection of Middle and Bucknam Roads provides excellent visibility and accessibility, with close proximity to US Route 1, Falmouth schools, and interstates I-295/I-95. The property's current configuration allows for full leasing, making it an attractive investment for those seeking a strong return. This landmark property offers a rare chance to acquire a well-maintained, historically significant building in a thriving Maine community. The asking price is $1,495,000 ($349.30/sq ft). The two-story building consists of one structure.

    Property Features for 234 Middle Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,280 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1889
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -70.2418978
    Latitude
    43.7298913

    Nearby Comparable

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    Nearby Similar for Sale

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      Unique property with main dwelling, ADU, and guest quarters.
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      Mixed-use property with retail/office space and a tri-level townhouse.
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    • $1,900,000
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      Class A Medical Office Building

      6,288± SF medical office building in desirable Southern Maine community.
      20 Northbrook Dr, Falmouth, ME 04105
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      5,940± SF office/mixed-use building in a coveted location.
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      366 Us-1, Falmouth, ME 04105
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    FAQs

    What type of property is this?
    Multifamily property - Prime Falmouth location, mixed-use investment.
    Where is this multifamily property located?
    The property is located at 234 Middle Rd Falmouth, ME.
    What is the asking price?
    The asking price for this property is $1,495,000.
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    234 Middle Rd 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
    234 Middle Rd Falmouth, ME 04105
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