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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

498 Maine Ave Farmingdale, ME 04344

3,534 SF 0.43 ac lot Built 1934
Property ID
Property summary
AI-generated overview

This exceptional investment property at 498 Maine Avenue, Farmingdale, ME, presents a unique opportunity to acquire a thriving business with significant upside potential. The 0.43-acre lot boasts high visibility on a busy road and ample parking. The property comprises a 3,534 square foot building encompassing both residential and commercial space. The residential component is a three-bedroom, one-and-a-half-bathroom home featuring a spacious kitchen, dining area, and a full unfinished basement. The commercial space, totaling over 1200 square feet, currently operates as a medical cannabis retail and manufacturing facility. This area is divided into approximately 400 square feet of retail showroom and over 800 square feet of production space, including a kitchen/lab area. A separate office/outbuilding is situated behind the main commercial structure. A key feature of this offering is the inclusion of the only medical cannabis license in Farmingdale, which transfers with the sale. The property's location and existing license present a compelling opportunity for continued operation within the established medical cannabis market, with potential for expansion into recreational cannabis manufacturing and retail, subject to applicable regulations and licensing. The combined residential and commercial aspects offer multiple revenue streams, making this a truly unique and attractive investment. Priced at $1,000,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1934
Total area 3,534 SF
Lot 0.43 ac (18,731 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
Current use
Occupant on record · Public records
  • Tru Blooms Wellness (Bike/Boat/Book/etc) Store
  • ChocLit Factory (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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