18 Ellingwood Dr Newport, ME 04953-3384
This exceptional commercial property, located at 18 Ellingwood Drive in Newport, Maine, presents a remarkable investment opportunity. Boasting 3,216 square feet of versatile space, this 2006-built structure sits on a sizable 3.13-acre lot, enjoying high visibility on the busy Route 2. The property's previous use as a daycare center highlights its adaptability, offering numerous possibilities for a wide range of businesses. Features include a Generac generator ensuring reliable power, efficient radiant heat throughout, and a secure, fenced-in yard. The interior layout is well-designed, incorporating a full kitchen, multiple bathrooms, and dedicated office space, providing ample room for both operations and administration. The substantial size and prime location make this property ideal for entrepreneurs seeking a thriving business environment. Its potential is vast, allowing for customization to suit diverse business needs. The asking price is $419,900. Don't miss this chance to acquire a well-maintained, strategically located commercial property with significant upside potential. Schedule a viewing today to explore the possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.