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Property profile & analytics
OFF-MARKET
Refrigerated & Cold Storage

38 Carolina Rd Limestone, ME 04750

3,936 SF Built 1957
Property ID
Property summary
AI-generated overview

This 3,936-square-foot commercial building, located at 38 N Carolina in Limestone, Maine (zip code 04750), presents a unique investment opportunity. Built in 1957, the property is zoned for commercial/mixed use and features loading docks and a newer roof. Previously used as a post office, the building offers versatile potential for various uses, including multi-use commercial space, light manufacturing, assembly, machine technology, or agricultural processing/energy applications. The property is situated within the Green 4 Maine Campus at Loring, formerly Loring Air Force Base, a large commercial and business park boasting a 12,000+ foot airstrip and serving as a major air cargo distribution hub. This location benefits from several economic 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. The Green 4 Maine Campus is undergoing revitalization, aiming to become a self-sustaining, energy-positive green destination, fostering innovation and creating jobs. The site offers streamlined permitting and flexible zoning, making it an attractive location for businesses seeking a supportive and welcoming community with excellent educational opportunities. The property is currently vacant and ready for immediate occupancy. The building is a single-tenant space with a Net Net Net (NNN) lease structure.

Property profile
Verified
Property type Refrigerated & Cold Storage
Year built 1957
Total area 3,936 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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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