883 Main St, Springfield, ME 04487
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.