Technical
Financial
Distress signals
Property profile

104 Temple Rd Farmington, ME 04938

OFF-MARKET
Investment properties
Property ID
US42-0347020
972 SF 0.31 ac lot Built 1920
Individually Owned 5-yr Hold Absentee Owner
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Property summary

AI-generated overview

This meticulously maintained 1,000+ square foot commercial building at 104 Temple Road, Farmington, ME, presents a unique investment opportunity. Currently operating as a hair salon, the property boasts a pristine interior featuring a new roof, a new heat pump, and newly installed interior walls. The building's design is ideally suited for drive-through service, significantly enhancing its versatility. Ample off-street parking accommodates numerous vehicles, and the property offers considerable room for expansion. The location is exceptionally well-suited for various businesses, including but not limited to coffee shops, fast-food establishments, or food trucks. The existing washer/dryer and refrigerator are included in the sale. The kitchen area offers potential for expansion or conversion into living space, making this a truly multi-purpose property. The existing business is not included in the sale, but the contents are available for purchase separately. This property presents a rare chance to acquire a turn-key commercial space with significant upside potential in a desirable location. The 0.22-acre lot provides ample space for future development or expansion. The possibilities are endless! This is a must-see for any discerning investor or entrepreneur.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 972 SF
Lot 0.31 ac (13,504 SF)
Zoning code RB
APN FARN M:U31 L:064
UPID US42-0347020

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

104 Temple Rd Farmington, ME 04938
Farmington metro Census 971202
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2012
Price N/A
2007
Price N/A

Zoning & alternative use

RB · Farmington, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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