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    506 Us-202 Monmouth, ME 04265

    For Sale
    $680,000

    Fully leased; high ROI potential.

    Property size:
    4,032 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,032 square foot industrial building presents a lucrative investment opportunity in Monmouth, Maine. Situated on a spacious 13-acre lot, this single-story, 2023-built structure boasts a 14-foot ceiling height and two convenient drive-in doors, enhancing operational efficiency. Currently operating at 100% occupancy with a lease extending through September 2029, including a renewal option, this property offers immediate and long-term income potential. The building's versatile design, suitable for distribution, flex, or warehouse uses, caters to a wide range of tenants. Its prime location on Route 202, between Augusta and Lewiston, ensures excellent visibility and accessibility. The property is zoned General, allowing for potential expansion and future development. Detailed financial information is available upon request, providing a comprehensive overview of this exceptional investment prospect. This is a rare opportunity to acquire a fully leased, high-performing industrial asset in a thriving Maine market. The price per square foot is $168.65.

    Property Features for 506 Us-202

    General Information

    Property type
    Distribution properties
    Square Feet
    4,032 SF
    Lot Size
    566,280 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • $680,000 asking price.
    • 4,032 square foot industrial building.
    • 100% occupancy with lease extending to September 2029, with renewal option.
    • Located on 13 acres in Monmouth, ME, on Route 202, between Augusta and Lewiston.
    • Features 14' ceilings and two drive‑in doors.
    • Built in 2023.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Monmouth
    County
    Kennebec
    State
    Maine
    Longitude
    -70.0493458
    Latitude
    44.2601655

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    FAQs

    What type of property is this?
    Distribution property - Fully leased; high ROI potential.
    Where is this distribution property located?
    The property is located at 506 Us-202 Monmouth, ME.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: $680,000 asking price.; 4,032 square foot industrial building.; 100% occupancy with lease extending to September 2029, with renewal option.
    Request Owner's contact information
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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
    506 Us-202 Monmouth, ME 04265
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