Property profile

1705 Us-202 Winthrop, ME 04364

OFF-MARKET
Office Spaces
130,000 SF 18.96 ac lot Built 1971
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Property summary

AI-generated overview

This exceptional 130,000 square foot industrial/office complex in Winthrop, Maine, presents a compelling investment opportunity. Situated on a substantial 18.96-acre lot with 850 feet of frontage on heavily trafficked US Route 202, this property boasts significant visibility and accessibility. The single-story, 1971-built building underwent extensive renovations in 2020 and further upgrades exceeding $700,000 since 2022, including new LED lighting, flooring, a modern conference room, and updated HVAC systems. Currently operating as a multi-tenant property with a diverse tenant mix, it offers a solid income stream. Approximately 21,500 square feet of vacant space presents immediate potential for owner-occupancy or further lease income generation. The property features 17-foot ceilings, two loading docks, and is zoned for general commercial use. This is a rare opportunity to acquire a well-maintained, high-traffic, income-producing property with significant upside potential in a desirable Maine location. The asking price is $9,950,000, translating to $76.54 per square foot. A detailed offering memorandum is available upon request.

Property profile

Verified
Property type Office Spaces
Year built 1971
Total area 130,000 SF
Lot 18.96 ac (825,898 SF)

Cap rate & NOI

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

Location

1705 Us-202 Winthrop, ME 04364
Winthrop metro
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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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