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    OFF-MARKET
    Commercial real estate

    883 Main St, Springfield, ME 04487

    16,825 SF 8 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 16,825 square foot commercial property, located at 883 Main Street in Springfield, ME, presents a unique investment opportunity. Situated on over eight acres of land, the completely renovated facility boasts a versatile layout ideal for a variety of uses. The building features ten rooms – five double occupancy and five single occupancy – each equipped with a private bathroom and closet, hardwood baseboard heating, and a heat pump for climate control. In addition to the rooms, the property includes six offices, a dedicated server room, a spacious common area, and a large conference room, perfect for meetings and presentations. A fully equipped commercial kitchen and a staff lunch area cater to both residents and employees. Recreational amenities include a basketball court and a stage, adding further versatility to this impressive property. The property also benefits from a newly installed septic system, a backup generator for reliable power, and a comprehensive fire suppression system, ensuring safety and peace of mind. The sale includes the majority of furnishings, encompassing commercial kitchen appliances, office furniture, and bedroom furniture, making this a truly turnkey operation. This property is ready for immediate occupancy and offers significant potential for a variety of commercial ventures.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 16,825 SF
    Lot 8 ac (348,480 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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