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Property profile

1111 St York County, ME

OFF-MARKET
Marinas
13 ac lot
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Property summary

AI-generated overview

This exceptional Maine property offers a unique investment opportunity encompassing a thriving boat storage and repair business, complemented by a contemporary two-bedroom, two-bathroom home situated on 13 acres of land. The facility boasts over 221,000 square feet of storage space distributed across three buildings, providing ample capacity for boats of all sizes. With a 15-foot ceiling height, the buildings offer versatile storage solutions. The property's mixed zoning permits a variety of uses, presenting significant potential for expansion. The existing business, established in 1987, benefits from a prime location near scenic waterways, ensuring convenient access and attractive surroundings. The included residence is ideal for on-site management or personal use. The expansive 13-acre lot allows for considerable future development, including potential expansion of the existing business or the creation of additional residential units on a separate 8+ acre parcel. This turnkey operation presents a rare opportunity for both owner-users and investors seeking a profitable and versatile commercial venture in a desirable Maine location. The asking price is $3,499,900, with each of the three units valued at approximately $1,166,633.33. The property is privately held and currently operates as a boat storage and repair facility, but its zoning allows for diverse alternative uses, including additional storage or manufacturing.

Property profile

Verified
Property type Marinas
Lot 13 ac (566,280 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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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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