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Property profile & analytics
FOR LEASE
Commercial real estate

106 Lafayette St Yarmouth, ME 04096

5.1 ac lot Built 1880
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US42-0284035
Property summary
AI-generated overview

Lower Falls Landing presents a unique investment opportunity in a beautifully restored 3-story building (40,931 total square feet) dating back to 1880, with renovations completed in 1980. This mixed-use property, zoned WC, offers a blend of historic character and modern functionality. The building features two suites, currently offering a total of 3,980 square feet of vacant space. Suite 1B, a 3,200 square foot unit on the ground floor, is ideal for retail or office use and enjoys high visibility. Suite 2J, a 780 square foot corner office suite on the second floor, boasts abundant natural light and a flexible layout. The building's architectural details, including exposed original posts and beams and high ceilings, create a distinctive atmosphere. Modern amenities include central HVAC, quality office finishes, an ADA-compliant elevator, shared restrooms on each floor, and ample on-site parking. Many suites offer stunning marina and Royal River views. The convenient location also includes the Yarmouth Grillhouse restaurant on the ground floor, adding to the property's appeal. This exceptional property is perfect for businesses seeking a prestigious and functional workspace with historical character.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1880
Lot 5.1 ac (222,156 SF)
Zoning code 24
APN YMTH M:028 L:031
UPID US42-0284035
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
  • Land Conservation Assistance Network Charitable Organization Social Service Agency
  • Marshall Jackson Robinson Physician Medical Clinic
  • Angela Lemire, DC Alternative Medicine Practice
  • Jessie Griffin, LMT Alternative Medicine Practice Spa & Massage Center
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
Seka Properties LLC · 8 yrs held
Seka Properties LLC
since 2018
2 recorded transactions
2018
Price N/A
2009
Price N/A
Zoning & alternative use
24 · Yarmouth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source CHAPTER 701
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More about this property
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