27 Puddleglum Way Ellsworth, ME 04605
This exceptional Ellsworth, ME property offers a unique investment opportunity encompassing 5.56 acres and a total of 4,192 square feet of versatile space. The property features two buildings, ideal for a variety of uses. The first, a newly constructed 2,736 square foot building, boasts modern amenities including VCT tile flooring, finished drywall, and two ADA-compliant half-baths, two additional half-baths, a full kitchen, and two large common areas. Extensive covered porches grace both the front (6' x 30') and rear (8' x 76') of this structure. The second building, a 1,452 square foot 1990 Burlington mobile classroom, offers 2x6 construction, insulated skirting on a slab, two ADA-compliant half-baths, a kitchen, and two large common areas. Both buildings are connected by a large, fenced outdoor area complete with playground equipment. The property also includes a newly paved asphalt driveway and parking area from Christian Ridge Road with line markings. Currently operating as a private school with 14 full-time and 4 part-time students, this property presents significant potential for conversion to multi-family dwellings, office space, single-family residential, or any other permitted use within Ellsworth's neighborhood zoning regulations. The current owners are willing to assist qualified buyers in transitioning to a new use, including navigating licensing and permitting processes. A short-term owner carry option for a portion of the purchase price may be available to qualified buyers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.