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Property profile & analytics
OFF-MARKET
Commercial real estate

18 Ellingwood Dr Newport, ME 04953-3384

3.13 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US42-0372898
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3.13 ac (136,343 SF)
APN NEPT M:002 L:006-004
UPID US42-0372898
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Together Wee Grow LLC · 1 yrs held
Together Wee Grow LLC
since 2025
5 recorded transactions
2025
Price N/A
2018
Price N/A
2011
Price N/A
2011
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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