Current Use by Public Records
- Warehouses
Property Details for 506 Us-202
- Year built
- 2023
- Lot size
- 13.00 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 4,032 square foot industrial building presents a lucrative investment opportunity in Monmouth, Maine. Situated on a spacious 13-acre lot, this single-story, 2023-built structure boasts a 14-foot ceiling height and two convenient drive-in doors, enhancing operational efficiency. Currently operating at 100% occupancy with a lease extending through September 2029, including a renewal option, this property offers immediate and long-term income potential. The building's versatile design, suitable for distribution, flex, or warehouse uses, caters to a wide range of tenants. Its prime location on Route 202, between Augusta and Lewiston, ensures excellent visibility and accessibility. The property is zoned General, allowing for potential expansion and future development. Detailed financial information is available upon request, providing a comprehensive overview of this exceptional investment prospect. This is a rare opportunity to acquire a fully leased, high-performing industrial asset in a thriving Maine market. The price per square foot is $168.65.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monmouth
- County
- Kennebec
- State
- Maine
- Longitude
- -70.0493
- Latitude
- 44.2602
