Property profile

883 Main St Springfield, ME 04487

OFF-MARKET
Commercial real estate
16,825 SF 8 ac lot
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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

Location

883 Main St Springfield, ME 04487
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

4 recent transactions · within 1.5 mi
Comparable in this city
4 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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