1768 Bangor Rd Linneus, ME 04730
This exceptional mixed-use property in Linneus, ME, presents a unique investment opportunity. The 1,657 square foot building sits on a 2.14-acre lot and boasts a rich history as a convenience store, previously offering pizza and sandwiches, and more recently operating as a 24-hour self-serve gas station. The property is licensed for beer and wine sales, a significant advantage given its proximity to recreational trails. A walk-in cooler, equipped with a 40,000 BTU compressor, services a full wall of beverage coolers. An ATM is also in place. The property includes substantial fuel storage: a 10,000-gallon gas tank, a 12,000-gallon split tank, a 9,000-gallon diesel tank, and a 3,000-gallon non-ethanol tank. A new septic system was installed in August 2020. A separate 30' x 40' mechanic shop, constructed in 2019, features a heat pump and 200 AMP service. This shop offers significant potential for expansion or alternative use. The existing building could be easily converted into approximately a 1,200 square foot residence, providing on-site living accommodations. A tire machine, balancer, and air compressor are available for negotiation. This property offers a blend of established commercial operations and significant potential for future development and expansion. The combination of convenience store, gas station, and mechanic shop provides a diverse income stream and a strong foundation for a thriving business.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.