42 Maine StBrunswick, ME 04011

Property Details for 42 Maine St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

1,220 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

BRUN M:U14 L:117

APU

BRUNMU14L117

Description

This exceptional 1,220 square foot retail space at 42 Maine Street in Brunswick, Maine presents a unique investment opportunity. Situated in the heart of downtown Brunswick, this property enjoys unparalleled visibility and high foot traffic, ideal for a restaurant or cafГ©. The building boasts a spacious main floor, perfectly suited for customer seating and service. Additional features include ample dry and cold storage areas, ensuring efficient operation. A dedicated office and break room provide convenient spaces for staff. The property sits on a 0.04-acre lot and is offered at $650,000. The convenient location offers easy access to ample nearby parking, benefiting both customers and employees. This turnkey property is ready for immediate occupancy and poised to support a thriving business within a vibrant and bustling community. Its established location and high visibility make it an exceptional opportunity for a discerning investor seeking a strong return on investment in a desirable Maine location. Don't miss this chance to secure a prime commercial space in the heart of Brunswick's thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $296,503

  6.5%

  $273,695

  7%

  $254,145

• Comparable approach

  Method

  Valuation

  Relative Method

  $401,701

  Geo Method

  $401,701

• Alternative Use

  Use

  Valuation

  Residential

  $230,872

  Hospitality

  $211,477

  Educational

  $175,947

  Medical

  $181,998

  Retail

  $273,695

Location Insight

City

Brunswick

County

Cumberland

State

Maine

Latitude

43.9179

Longitude

-69.9669

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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