675 Western Ave Manchester, ME 04351
- Commercial real estate
- 1,980 SF
- 8.59 lot acres
Current Use by Public Records
- Business Communications of Maine / Telecommunications Service Provider / Telecommunications Equipment Supplier
- Orofacial Pain Center of Augusta / Oral Surgeon
- Revelation Massage / Massage Therapist
- The Skin Shop / Skin Care Clinic
- Cummings Cemetery / Cemetery
Property Details for 675 Western Ave
- Construction
- BRICK
- Lot size
- 8.59 lot acres
- Property size
- 1,980 SF
- Zone code
- GENERA
- Property type
- Commercial real estate
- APN
- MANR M:U21 L:008
- APU
- MANRMU21L008
Description
This exceptional mixed-use property at 675 Western Avenue in Manchester, ME, presents a compelling investment opportunity or the perfect space for your business. The 10,150 square foot building sits on a 1.41-acre lot and boasts a prime location with an impressive 19,710 daily traffic count, ensuring high visibility and accessibility. The property has undergone recent renovations, encompassing both exterior and interior updates. Unit one, encompassing approximately 5,200 square feet, features a spacious reception area, versatile rooms adaptable to various business needs, convenient utility rooms, and a large break room. This unit offers significant flexibility, with the potential to add more rooms upstairs. Units two and three are currently leased, generating consistent rental income. Three additional units remain, presenting further income-generating potential for a savvy investor. The property's strategic location and recent improvements combine to create a rare opportunity in the Manchester commercial real estate market. This is an ideal investment for those seeking a high-traffic, income-producing asset with significant upside potential. The building's versatile layout and substantial square footage cater to a wide range of commercial uses. Don't miss this chance to acquire a well-positioned and updated commercial property in a thriving location. The asking price is $999,999.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $425,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $555,000
- 7%
- $540,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $495,000
- Mixed-Use
- $515,000
- Hospitality
- $540,000
- Educational
- $525,000
- Residential Income
- $510,000
- Energy
- $435,000
- Income-Based Land
- $495,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Kennebec
- State
- Maine
- Longitude
- -69.8365
- Latitude
- 44.3218
- CBSA code
- 12300
- CBSA name
- AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA
