For Sale
$5,100,000

76 Northern AveGardiner, ME 04345

Fully-leased, high-return investment.

Overview

Added:
Dec 11, 2024
Days on market:
121

Highlights

  • 48,771 SF, fully-leased Class B office building on a 9.5-acre lot.
  • Located less than one mile from downtown Gardiner, Maine, with excellent access to Route 201.
  • $1,500,000 in renovations completed in 2022 and 2023, including interior paint, carpeting, and windows.
  • Leased to the Maine Department of Professional & Financial Regulation through December 31, 2033.
  • $5,100,000 asking price, with a 7.3% cap rate and $370,386 NOI.

Property Details for 76 Northern Ave

Property type
Office properties, Investment properties
Class
B
Year Built/Renovated
1960/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
413,820 SF
Units
1

Location Insight

City
Gardiner
County
Kennebec
State
Maine
Latitude
44.236444541873
Longitude
-69.77922618885
76 Northern Ave, Gardiner, Maine
Leaflet | © OpenStreetMap contributors

FAQs

What type of property is this?
Office property - Fully-leased, high-return investment.
Where is the office property 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: 48,771 SF, fully-leased Class B office building on a 9.5-acre lot.; Located less than one mile from downtown Gardiner, Maine, with excellent access to Route 201.; $1,500,000 in renovations completed in 2022 and 2023, including interior paint, carpeting, and windows.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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76 Northern Ave
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