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Property profile & analytics
OFF-MARKET Estimated value $1,175,000
Commercial real estate

103 Pleasant St Brunswick, ME 04011-2254

7,621 SF 0.87 ac lot Built 1984
Individually Owned 7-yr Hold Free & Clear
Property ID
US42-0056997
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1984
Total area 7,621 SF
Lot 0.87 ac (37,897 SF)
APN BRUN M:U23 L:008
UPID US42-0056997
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
$1.46M
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$1.18M
Owner & transaction history
MILDRED THOMAS
MILDRED THOMAS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.5M +8.9%
Retail stores $1.4M +6.6%
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