265 Bowden Pt Rd Ext Prospect, ME 04981
This exceptional mixed-use property in Prospect, Maine, presents a unique investment opportunity. Situated on 29.6 acres, the property boasts 85,000 square feet of commercial space, including a warehouse and a large workshop. A 3-bedroom, 2-bathroom home with a modern kitchen featuring granite countertops, a farm sink, gas range, and commercial-sized refrigerator/freezer is also included. The property further benefits from a propane generator powering both the home and commercial buildings. A significant asset is the inclusion of the historic Worcester Quarry, offering existing granite for mining and a ready-made sluice area. Over 1 mile of roads are already in place, facilitating access and future development. The property's location offers approximately 1,000 feet of waterfront on the Penobscot River, providing stunning views and significant development potential. Surrounded by land preserves, this location offers both privacy and natural beauty. The asking price is $2,300,000, with a price per square foot of $27.06. The property features 21 parking spaces and is zoned for commercial use. Built in 2004, this property offers a blend of residential comfort and substantial commercial potential, making it an ideal investment for a variety of uses. The APN is PROT-000011-000000-000034.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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