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Property profile & analytics
FOR LEASE
Super regional malls

185 Townsend Ave Boothbay Harbor, ME 04538

44,120 SF 5.04 ac lot Built 1972
Entity Owned 4-yr Hold Free & Clear
Property ID
US42-0374271
Property summary
AI-generated overview

This exceptional flex space, located at 185 Townsend Avenue in Boothbay Harbor, Maine, offers 3,790 square feet of vacant space within a larger 47,161 square foot building. Situated in the Meadow Mall, a cornerstone of this popular Maine vacation destination since 1972, this property boasts excellent visibility and accessibility at the crossroads of Route 27 and Route 97. The space itself features a large open area ideal for various uses, complemented by convenient storage space, a kitchen, and a single bathroom. The building, constructed in 1972, offers a 14-foot ceiling height and ample on-site parking. The property is zoned for General Business Commercial (GB) use within Lincoln County and has a 599± foot frontage. This multi-tenant building presents a unique opportunity for businesses seeking a versatile space in a high-traffic location. The available space is adaptable to a range of commercial needs, from retail to light industrial uses, making it an attractive option for entrepreneurs and established businesses alike. The property's location within the Meadow Mall provides immediate access to existing retail infrastructure and a built-in customer base. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Maine coastal community. The total building comprises one suite.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1972
Total area 44,120 SF
Lot 5.04 ac (219,542 SF)
APN BOOH M:022 L:017
UPID US42-0374271
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
  • Jennie Mcneil Physician
  • H&R Block Tax Preparation
  • The Community Center Community Center
  • Glide Rick Alternative Medicine Practice Spa & Massage Center
  • Andrew Zuber Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.25M
Owner & transaction history
Big Rib 8 LLC · 4 yrs held
Big Rib 8 LLC
since 2022
Last sale
$5.2M
2 recorded transactions
2022
Price N/A
2022
$5.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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