Property summary
This exceptional 8,900 square foot industrial building presents a compelling investment opportunity in Ellsworth, Maine. Situated on a generous 2.5-acre lot within a business park, this property enjoys convenient access to Route 1A, ensuring efficient transportation of goods and personnel. The building currently generates income from an existing tenant, occupying a portion of the space, leaving an additional 5,000 square feet available for immediate use or lease. The flexible zoning allows for a variety of industrial uses, including fabrication, manufacturing, and other related activities. This location offers significant advantages, including ample parking for employees and clients. Furthermore, the property benefits from its location within a Tax Increment Financing (TIF) economic development district. The City of Ellsworth actively supports economic growth within this district, offering potential tax incentives to qualifying businesses and developers. This combination of existing income, available space, strategic location, and potential tax benefits makes this property an attractive prospect for investors and businesses seeking to establish or expand their operations in a thriving Maine community. The opportunities for growth and development are substantial.
Property profile
VerifiedCap rate & NOI
Current use
-
Factory Production Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BPTI · Ellsworth, MEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for BPTI in Ellsworth, ME.
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Find the owner behind the property.
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