10 Center St Machias, ME 04654
- Sports & entertainment properties
- 0.11 lot acres
Current Use by Public Records
- Sports & entertainment properties
Property Details for 10 Center St
- Lot size
- 0.11 lot acres
- Zone code
- NONE
- Property type
- Sports & entertainment properties
- APN
- MCHA M:011 L:146
- APU
- MCHAM011L146
Description
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
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $260,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $260,000
- Mixed-Use
- $260,000
- Hospitality
- $285,000
- Educational
- $240,000
- Residential Income
- $260,000
- Energy
- $310,000
- Income-Based Land
- $300,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Machias
- County
- Washington
- State
- Maine
- Longitude
- -67.4583
- Latitude
- 44.7158