Property profile

21 Northfield Rd Rd Marshfield, ME 04654

OFF-MARKET
Commercial real estate
4,800 SF 2.29 ac lot
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Property summary

AI-generated overview

This exceptional commercial property, located at 21 & 27 Northfield Road in Marshfield, Maine, presents a unique investment opportunity. The 4,800 square foot building currently operates as a functional bowling alley, boasting dimensions of 40 feet by 120 feet. However, its versatility extends far beyond its current use. The substantial size and expansive 2.29-acre lot offer significant potential for redevelopment into a multi-unit storage facility, catering to the growing demand for self-storage solutions in the area. The property's strategic location provides convenient access to Machias, enhancing its appeal to both local and regional clientele. The existing bowling alley infrastructure could be repurposed or removed to accommodate a variety of storage configurations, maximizing the return on investment. This property is ideal for an entrepreneur seeking a profitable venture with significant upside potential. The existing building provides a solid foundation for immediate income generation, while the ample land allows for future expansion or diversification. Serious inquiries are encouraged to explore the full range of possibilities this remarkable property offers. The asking price of $199,000 represents a compelling value for a property of this size and potential in a desirable location.

Property profile

Verified
Property type Commercial real estate
Total area 4,800 SF
Lot 2.29 ac (99,752 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21 Northfield Rd Rd Marshfield, ME 04654
Marshfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

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