399 Main St Bingham, ME 04920

Property Details for 399 Main St

Year built

1960

Lot size

6.80 lot acres

Property size

24,940 SF

Property type

Commercial real estate

Description

This exceptional commercial property, located at 399 Main Street in Bingham, Maine, presents a unique investment opportunity. Situated on Route 201, a major thoroughfare, this property boasts unparalleled visibility and accessibility within the vibrant Bingham town center. The expansive 24,940 square foot space is distributed across three buildings, offering significant flexibility for a variety of industrial uses. The largest building, encompassing 20,330 square feet, is currently leased to a well-established, employee-owned construction and construction services company at a monthly rate of $6,750, providing a stable and reliable income stream. This long-term tenant adds significant value and credibility to the property. The two smaller buildings, totaling 4,610 square feet, offer additional revenue potential. Local market research indicates strong demand for winter storage, particularly for boats, suggesting a viable strategy for maximizing rental income from these spaces. With its strategic location, substantial square footage, and existing lease, this property is ideally suited for businesses seeking expansive warehouse facilities or those looking to capitalize on seasonal storage needs. The 6.8-acre lot provides ample space for expansion or future development. This property offers a compelling blend of immediate income and long-term growth potential. The asking price is $975,000.

Location Insight

City

Bingham

County

Somerset

State

Maine

Longitude

-69.8828

Latitude

45.0639