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    103 Pleasant St Brunswick, ME 04011

    Sponsored
    For Sale
    $1,050,000

    High-traffic Route 1 location, excellent investment.

    Property size:
    10,427 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 10,427 square foot retail plaza situated on a 0.87-acre lot at 103 Pleasant Street in Brunswick, Maine. The property boasts over 430 feet of road frontage on busy Route 1, ensuring high visibility and accessibility. The main two-story building comprises approximately 9,000 square feet of retail space, currently fully occupied with three first-floor retail units and office space on the second floor. A detached building houses the Brunswick Diner. The property features a net rentable area of 7,621 square feet. Both buildings have undergone significant updates, including newer heating systems, roofing, and fire/sprinkler systems. The property is zoned GM5 and was renovated in 1984 and 1946. This well-maintained property offers a strong return on investment with its established tenant base and prime location. The asking price for this lucrative opportunity is $1,050,000. This is a rare chance to acquire a thriving retail center in a desirable Maine location.

    Property Features for 103 Pleasant St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,427 SF
    Lot Size
    37,897 SF

    Building Details

    Year Renovated
    1984
    Stories
    2

    HighLights

    • 10,427 SF retail plaza on a 0.87‑acre lot at 103 Pleasant Street, Brunswick, ME.
    • High visibility with over 430 feet of frontage on Route 1.
    • Main building (approx. 9,000 SF) is fully occupied with retail and office space.
    • Includes a detached building housing the Brunswick Diner.
    • 7,621 SF net rentable area.
    • Recent updates include HVAC, roofing, and fire sprinkler systems.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -69.978666927752
    Latitude
    43.912865064942

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic Route 1 location, excellent investment.
    Where is this lifestyle center located?
    The property is located at 103 Pleasant St Brunswick, ME.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: 10,427 SF retail plaza on a 0.87-acre lot at 103 Pleasant Street, Brunswick, ME.; High visibility with over 430 feet of frontage on Route 1.; Main building (approx. 9,000 SF) is fully occupied with retail and office space.
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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
    103 Pleasant St Brunswick, ME 04011
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