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Property profile & analytics
OFF-MARKET
Office Spaces

107 Water St Farmington, ME 04938

750 SF 0.2 ac lot Built 1955
Property ID
Property summary
AI-generated overview

This charming, single-story, 750-square-foot building at 107 Water Street in Farmington, Maine, presents a unique investment opportunity. Built in 1955, this mixed-use property sits on a 0.2-acre lot and is zoned VB. The building features a bright and sunny interior, a double driveway providing ample parking, and the convenience of public water and sewer. A modern heat pump and monitor system are installed. The interior includes a large front room, a separate back office, and a side room previously configured as a three-bay hair salon, complete with existing sinks. A full bathroom and a finished basement add to the functionality. Its location offers high traffic visibility while maintaining a private setting. The property's proximity to downtown Farmington and the University of Maine Farmington enhances its appeal. Given its adaptable layout, this property is suitable for a variety of office uses, including creative, medical, or traditional office spaces. Additionally, there's potential for conversion to a single-family residence, subject to town approval, offering further investment possibilities. This attractive property is ready for its next chapter.

Property profile
Verified
Property type Office Spaces
Year built 1955
Total area 750 SF
Lot 0.2 ac (8,712 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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