Property profile

107 Water St Farmington, ME 04938

OFF-MARKET
Office Spaces
750 SF 0.2 ac lot Built 1955
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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

Location

107 Water St Farmington, ME 04938
Farmington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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