76 Northern Ave Gardiner, ME 04345
Fully-leased, high-return investment.
Property Features for 76 Northern Ave
General Information
- Property type
- Office Properties & Spaces
- Class
- B
- Lot Size
- 413,820 SF
Building Details
- Year Built/Renovated
- 1960/2022
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: The Boulos Company Listing Agent: Chris Paszyc
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fully-leased, single-tenant Class B office building situated on a generous 9.5-acre lot at 76 Northern Avenue in Gardiner, Maine. The property, totaling approximately 48,771 square feet, is currently leased to the Maine Department of Professional & Financial Regulation, securing a long-term lease extending through December 31, 2033. Significant renovations were completed in 2022 and 2023, encompassing interior paint, carpeting, and window replacements, totaling approximately $1,500,000 in improvements. The building boasts a strong 7.3% cap rate and a Net Operating Income (NOI) of $370,386, making it an attractive investment prospect. Conveniently located less than a mile from downtown Gardiner and directly off Maine Avenue/Route 201, this property benefits from excellent accessibility and visibility. The property is zoned HDR (High Density Residential), offering potential future development options. The asking price is $5,100,000. This is a rare opportunity to acquire a stable, high-performing investment property with significant upside potential. The property features one building, one story, and was originally built in 1960. The Assessor's Parcel Number (APN) is 38/05.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Gardiner
- County
- Kennebec
- State
- Maine
- Longitude
- -69.77922618885
- Latitude
- 44.236444541873
Nearby Similar for Sale
FAQs
What type of property is this?
Office Property / Space - Fully-leased, high-return investment.
Where is this office property / space 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.