This exceptional 47,783-square-foot mixed-use building in Limestone, Maine, presents a unique investment opportunity. Located at 207 Development Drive on the former Loring Air Force Base, this Class A property offers flexible space ideal for a variety of uses, including traditional office, creative office, medical office, coworking, R&D, distribution, warehouse, manufacturing, flex space, and executive office. The building features approximately 30,000 square feet of finished space and 18,000 square feet of warehouse space, with high ceiling clearances and recently upgraded ventilation. Built in 1985 with significant renovations as recent as 2007, including a new roof, the property boasts 170+ parking spaces and three loading docks. Minimum leasable space is 5,000 square feet, with the entire 47,783 square feet available. The property is zoned for Commercial/Mixed Use and benefits from several incentives, including Pine Tree Zone certification (Tier 1), Opportunity Zone certification, Business Equipment Tax Exemption (BETE), Municipal Tax Increment Financing (TIF), and New Market Tax Credit (NMTC) eligibility. Situated within the Green 4 Maine Campus at Loring, this location offers access to a robust infrastructure, including a high-capacity municipal utility infrastructure and a newly constructed dark fiber network. The campus is home to over 45 employers and 1,200 employees, and is strategically positioned as a major air cargo distribution hub with a 12,000+ foot airstrip. This property is perfectly suited for businesses seeking a modern, efficient, and strategically located space within a thriving community. The streamlined permitting process and flexible zoning further enhance its appeal.
Property Features for 207 Development Dr
General Information
Property type
Restaurants
Lease Type
Gross Lease
RSF (Rentable sq. ft)
47,783 SF
Class
A
Total Rate
11945.75
Building Details
Year Built
1985
Buildings
1
Stories
1
Unit(s) available at that property
Space
Suite: 207
Size
47,783 SF
Rate per SF
$4
HighLights
47,783 SF mixed‑use building in Limestone, ME, on former Loring AFB.
The property is located at 207 Development Dr Limestone, ME.
What is the lease rate?
The lease rate is $4 SF/Yr.
What are key features of this property?
This property features: 47,783 SF mixed-use building in Limestone, ME, on former Loring AFB.; Leasable space from 5,000 SF to 47,783 SF total.; 170 parking spaces.
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207 Development Dr Limestone, ME 04751
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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.
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207 Development Dr Limestone, ME 04751
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207 Development Dr, Limestone, ME
Andrea Page
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207 Development Dr, Limestone, ME
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207 Development Dr, Limestone, ME
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Andrea Page
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