1 Rte, Wiscasset, ME 04578
This exceptional 2.36-acre commercial land parcel presents a unique investment opportunity in the thriving town of Wiscasset, Maine. Strategically located directly on Route 1, this property boasts approximately 200 feet of frontage, ensuring high visibility and accessibility for potential businesses. The site is zoned for commercial use, offering flexibility for a wide range of development options. With an impressive 19,870 average annual daily traffic count (AADT) per MaineDOT data, this location guarantees consistent exposure to a large volume of potential customers, including daily commuters and tourists. Its proximity to popular coastal destinations like Boothbay Harbor and Damariscotta provides access to both local and seasonal markets, creating an ideal environment for businesses seeking to capitalize on the area's robust tourism industry. The property is situated in Lincoln County and benefits from a pro-growth environment fostered by a business-friendly local government, making it an attractive location for expanding companies. The asking price for this highly visible and strategically located land is $179,000. The ownership is held by The Carl F. Piontkowski GST Exempt Share Trust. The property's address is Route 1, Wiscasset, ME 04578.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.