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    650 River Ave Gardiner, ME 04359

    Sponsored
    For Lease
    $6 SF/Yr

    Industrial warehouse, 15,000-30,000 SF

    Lot size:
    133,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional industrial warehouse opportunity is located at 650 River Avenue in Gardiner, Maine, within Kennebec County (zip code 04359). The property, originally the Gardiner Associated Grocers Distribution Center, offers a flexible space totaling 133,760 square feet, with up to 30,000 contiguous square feet currently available for lease. This section is divisible down to a minimum of 15,000 square feet, providing adaptability for various business needs. The warehouse boasts a substantial 21-foot ceiling height, facilitating efficient storage and operations. Loading and unloading are streamlined with four existing loading docks, complemented by convenient man door access. The building, constructed in 1955, sits on a generous 8.2-acre lot, zoned as Planned Development (PD). The available space is heated, ensuring a comfortable and productive work environment year-round. This prime location offers excellent access to transportation networks, making it an ideal choice for businesses requiring efficient logistics. Serious inquiries are encouraged to explore this exceptional warehouse opportunity.

    Property Features for 650 River Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    133,760 SF
    Total Rate
    72453.33

    Building Details

    Year Built
    1955

    Unit(s) available at that property

    Space
    Available Space
    Size
    30,000 SF
    Rate per SF
    $6

    HighLights

    • Convenient I‑295 access.
    • 21‑foot clear ceiling height.
    • Railroad siding available.
    • Divisible to 15,000 square feet.
    • Available May 16, 2023.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Auto Parts Store Department Store Food Market Storage Facility Grocery Store Discount Store Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardiner
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7562904
    Latitude
    44.1855659

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    Nearby Similar for Lease

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      Gardiner Office Space Available

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      9,000± SF building suitable for office, daycare, or retail.
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      2,200± SF retail space with drive-thru in Gardiner, ME.
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      High Bay Warehouse Space

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, 15,000-30,000 SF
    Where is this distribution property located?
    The property is located at 650 River Ave Gardiner, ME.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Convenient I-295 access.; 21-foot clear ceiling height.; Railroad siding available.
    Request Owner's contact information
    650 River Ave Gardiner, ME 04359
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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
    650 River Ave Gardiner, ME 04359
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