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    OFF-MARKET
    Sports & entertainment properties

    10 Ctr St, Machias, ME 04654

    0.11 ac lot
    Entity Owned Free & Clear
    Property ID
    US42-0144312
    Property summary
    AI-generated overview

    This exceptional 8,297 square foot commercial property at 10 Center Street in Machias, Maine, presents a unique investment opportunity. Situated on a 0.11-acre lot, this historic building boasts a stunning 1,635 square foot, two-story great room on the third floor, featuring intact tin ceilings and pendant lighting. The second floor also includes a large commercial kitchen and dining hall with seating for up to 100 guests. The building's versatile layout offers ample space for a variety of uses, including event spaces, wellness centers, corporate meeting facilities, apartments, or a cooperative for shops and vendors. Its prime location, just a short distance from US Routes 1 and 1A, places it within easy reach of county buildings, courts, the local commercial district, and the walkable downtown area of Machias. The property benefits from its proximity to the University of Maine at Machias, making it an attractive option for businesses catering to students and faculty. Furthermore, its location offers easy access to coastal Washington County, with day trips to Bar Harbor and Maritime Canada readily available. The building's history and impressive features combine to create a truly remarkable property with significant potential. Scheduling a viewing is straightforward

    Property profile
    Verified
    Property type Sports & entertainment properties
    Use group RECREATIONAL, ENTERTAINMENT
    Lot 0.11 ac (4,792 SF)
    Zoning code NONE
    APN MCHA M:011 L:146
    UPID US42-0144312
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    MACHIAS MASONIC CORP
    MACHIAS MASONIC CORP
    Zoning & alternative use
    NONE · Machias, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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