103 Pleasant St Brunswick, ME 04011
- Commercial real estate
- 7,621 SF
- 0.87 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 103 Pleasant St
- Year built
- 1984
- Lot size
- 0.87 lot acres
- Property size
- 7,621 SF
- Property type
- Commercial real estate
- APN
- BRUN M:U23 L:008
- APU
- BRUNMU23L008
Description
This exceptional investment opportunity presents a substantial retail property situated on a high-traffic section of Route 1 in Brunswick, Maine. The property boasts over 430 feet of road frontage, ensuring excellent visibility and accessibility for businesses. The main building, a two-story structure, encompasses over 9,000 square feet of retail space, currently fully occupied with three thriving first-floor retail units. The second floor provides valuable office space, offering additional income potential or expansion opportunities for existing tenants. A separate, detached building houses the well-established Brunswick Diner, adding another revenue stream to this already impressive portfolio. Significant recent improvements have been made to both buildings, including the installation of newer heating systems, a new roof, and a comprehensive fire/sprinkler system, ensuring both safety and efficiency. The property sits on a sizable 0.87-acre lot, providing ample space for parking and potential future development. This turnkey investment offers a rare chance to acquire a well-maintained, high-performing retail center in a desirable location with strong existing tenancy and significant upside potential. The asking price is $1,050,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $570,000
- 6.5%
- $525,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $630,000
- Geo Method
- $565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $670,000
- Retail
- $615,000
- Mixed-Use
- $660,000
- Hospitality
- $510,000
- Educational
- $585,000
- Residential Income
- $600,000
- Energy
- $480,000
- Income-Based Land
- $545,000
- Food Service
- $625,000
Location Insight
- Map
- Local Demand
- City
- Brunswick
- County
- Cumberland
- State
- Maine
- Longitude
- -69.9786
- Latitude
- 43.9125
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA