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    OFF-MARKET
    Land

    1 Rte, Wiscasset, ME 04578

    2.36 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 2.36 ac (102,802 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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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