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207 Development Dr Limestone, ME 04751

OFF-MARKET Warehouses Google Maps
47,783 SF Built 1985
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 47,783-square-foot mixed-use building in Limestone, Maine, presents a unique investment opportunity. Located at 207 Development Drive on the former Loring Air Force Base, this Class A property offers flexible space ideal for a variety of uses, including traditional office, creative office, medical office, coworking, R&D, distribution, warehouse, manufacturing, flex space, and executive office. The building features approximately 30,000 square feet of finished space and 18,000 square feet of warehouse space, with high ceiling clearances and recently upgraded ventilation. Built in 1985 with significant renovations as recent as 2007, including a new roof, the property boasts 170+ parking spaces and three loading docks. Minimum leasable space is 5,000 square feet, with the entire 47,783 square feet available. The property is zoned for Commercial/Mixed Use and benefits from several incentives, including Pine Tree Zone certification (Tier 1), Opportunity Zone certification, Business Equipment Tax Exemption (BETE), Municipal Tax Increment Financing (TIF), and New Market Tax Credit (NMTC) eligibility. Situated within the Green 4 Maine Campus at Loring, this location offers access to a robust infrastructure, including a high-capacity municipal utility infrastructure and a newly constructed dark fiber network. The campus is home to over 45 employers and 1,200 employees, and is strategically positioned as a major air cargo distribution hub with a 12,000+ foot airstrip. This property is perfectly suited for businesses seeking a modern, efficient, and strategically located space within a thriving community. The streamlined permitting process and flexible zoning further enhance its appeal.

Property profile

Verified
Property type Warehouses
Year built 1985
Total area 47,783 SF

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

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