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    23 Roosevelt Trl Casco, ME 04015

    Sponsored
    For Sale
    $849,000

    Two buildings, high traffic, great income

    Property size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity features two freestanding retail buildings totaling 8,800 square feet on a 1.84-acre lot in Casco, Maine. Located on busy Route 302, experiencing over 11,000 vehicles per day, this property boasts high visibility and accessibility. One unit is currently occupied by a long-term medical marijuana tenant, providing a stable income stream. The second 4,000 square foot unit offers flexibility for lease or owner-occupancy. Built in 2005, the single-story buildings are zoned commercial and include 10 parking spaces. This property presents a unique chance to acquire a valuable asset with multiple income streams and significant growth potential. The asking price is $849,000. Don't miss this chance to own a prime retail location in a thriving area.

    Property Features for 23 Roosevelt Trl

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,800 SF
    Lot Size
    80,150 SF

    Building Details

    Year Built
    2005
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • Two free‑standing buildings.
    • High traffic count exceeding 11,000 vehicles per day.
    • Long‑term lease in place.
    • Ample on‑site parking.
    • High‑visibility location.
    • Strong, consistent cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    House of Shabby Chic ... Antique Furniture Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Clothing Store Hotel & Motel Department Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Casco
    County
    Cumberland
    State
    Maine
    Longitude
    -70.51105630073
    Latitude
    43.912060962305

    Nearby Comparable

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    Nearby Similar for Sale

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    • $299,000
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      Prime Commercial Space on Route

      High-visibility commercial space in excellent condition, ready for immediate use.
      37 Roosevelt Trl, Casco, ME 04015
      View Details
    • $339,000
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      Casco Commercial Building - Route 302

      Route 302 Commercial Property, High Potential
      312 Roosevelt Trl, Casco, ME 04015
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      Casco Commercial Building - High Visibility

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      Casco Commercial Property - Waterfront Acreage

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    FAQs

    What type of property is this?
    Individual retail property - Two buildings, high traffic, great income
    Where is this individual retail property located?
    The property is located at 23 Roosevelt Trl Casco, ME.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Two free-standing buildings.; High traffic count exceeding 11,000 vehicles per day.; Long-term lease in place.
    Request Owner's contact information
    23 Roosevelt Trl Casco, ME 04015
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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
    23 Roosevelt Trl Casco, ME 04015
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