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    316 Ocean House Rd Cape Elizabeth, ME 04107

    Sponsored
    For Sale
    $1,350,000

    Maine Industrial Flex Building - $1.35M

    Property size:
    37,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37,600 square foot flex space at 316 Ocean House Road, Cape Elizabeth, Maine, presents a unique investment opportunity. Built in 1956 and extensively renovated in 2022, the property boasts a desirable blend of industrial and mixed-use functionality. Situated on a 1.23-acre lot, the building features an 18-foot ceiling height, enhancing its versatility. The property includes one loading dock and two dock-high doors, facilitating efficient loading and unloading. The permitted zoning is UE - Urban Enterprise, offering considerable flexibility for various business ventures. Significant upgrades have been partially completed, encompassing structural improvements, electrical systems, sprinkler systems, and HVAC. This prime location in Cumberland County, Maine, zip code 04107, offers convenient access to key amenities and infrastructure. The property's cannabis-friendly zoning presents an added advantage for prospective buyers or tenants seeking to operate within this burgeoning industry. This is a rare opportunity to acquire a well-maintained, versatile industrial/flex building in a highly sought-after location. The asking price is $1,350,000.

    Property Features for 316 Ocean House Rd

    General Information

    Property type
    Flex space
    Square Feet
    37,600 SF
    Lot Size
    53,579 SF

    Building Details

    Year Built/Renovated
    1956/2022

    HighLights

    • Close proximity to CMMC.
    • Partial completion of building upgrades including electrical, sprinkler, and HVAC systems.
    • Zoned for cannabis‑related businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Elizabeth
    County
    Cumberland
    State
    Maine
    Longitude
    -70.227221
    Latitude
    43.595643

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    FAQs

    What type of property is this?
    Flex space - Maine Industrial Flex Building - $1.35M
    Where is this flex space located?
    The property is located at 316 Ocean House Rd Cape Elizabeth, ME.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Close proximity to CMMC.; Partial completion of building upgrades including electrical, sprinkler, and HVAC systems.; Zoned for cannabis-related businesses.
    Request Owner's contact information
    316 Ocean House Rd Cape Elizabeth, ME 04107
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    Cape Elizabeth, ME 04107
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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
    316 Ocean House Rd Cape Elizabeth, ME 04107
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