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Property profile & analytics
FOR SALE
Retail properties & Spaces

10 Mechanic St Camden, ME 04843

7,886 SF 0.17 ac lot Built 1930
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US42-0060977
Property summary
AI-generated overview

This exceptional investment opportunity presents a portfolio of prime retail properties in the heart of Camden, Maine. The offering encompasses three distinct retail spaces totaling 8,623 square feet, strategically located at 10 Mechanic Street, 12 Mechanic Street, and 8 Mechanic Street. Additionally, a rental unit at 7 Washington Street is included, adding to the overall income potential. The main building, situated at 10 Mechanic Street, forms the core of this offering. Constructed in 1930, this two-story structure sits on a 0.17-acre lot and offers ample space for a variety of retail uses. The property is zoned B1, allowing for a range of commercial activities. Convenient on-site parking is provided with four spaces. The asking price for this entire portfolio is $1,700,000, translating to a price per square foot of $197.15. The property's prime location in Camden, combined with its versatile layout and existing tenant occupancy, makes it an attractive investment for both seasoned and emerging real estate investors seeking a strong return on investment in a vibrant Maine coastal town. The Assessor's Parcel Number (APN) is CAMD-000120-000147. This is a rare opportunity to acquire a well-established retail portfolio in a highly desirable location.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1930
Construction STEEL FRAME
Total area 7,886 SF
Lot 0.17 ac (7,405 SF)
APN CAMD M:120 B:147 L:000 U:000
UPID US42-0060977
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
Current use
Occupant on record · Public records
  • Antiques at 10 Mechanic Home Decor Store (Bike/Boat/Book/etc) Store
  • BOOTH 2 Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
David Turner · 5 yrs held
David Turner
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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