107 Water St Farmington, ME 04938
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.