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    OFF-MARKET
    Office Spaces

    52 Main & State St, Ellsworth, ME 04605

    9,425 SF 0.19 ac lot Built 1837
    Property ID
    Property summary
    AI-generated overview

    This exceptional Ellsworth, ME, commercial property presents a unique investment opportunity. Encompassing two historically significant buildings totaling 9,425 square feet, situated on a 0.19-acre lot at 52 & 2-4 Main & State Streets, this property boasts a rich history dating back to 1837. The buildings, known as the Peters Block, offer a blend of historical charm and modern functionality. The State Street building features a ground floor reception area, conference rooms, and a kitchen, while the upper floors provide versatile office spaces, some retaining original tin walls, beadboard wainscoting, and fireplaces. A highlight is the stunning third-floor ballroom, complete with an original domed tin ceiling, walls, and fireplace. The Main Street building offers additional office space, distinguished by a graceful curved wall adding architectural interest to both the exterior and interior. Significant storage space is available on the third floor, and the fourth-floor attic retains original exposed framing and interior brick walls. A successful restaurant occupies the ground floor corner space. The property also includes ample parking and 80 feet of Union River frontage, just steps from the River Walk. This prime downtown location offers endless possibilities for investors or businesses seeking to be part of Ellsworth's vibrant present and exciting future. The property's combination of historical significance, riverfront access, and versatile space makes it a truly exceptional offering.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1837
    Total area 9,425 SF
    Lot 0.19 ac (8,276 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
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