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    Property profile & analytics
    FOR SALE
    Commercial real estate

    103 Pleasant St, Brunswick, ME 04011

    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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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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