20 Estes Ave Palmyra, ME 04965
This exceptional 2,640 square foot commercial building, situated on a level 3.3-acre lot, presents a unique investment opportunity. Previously a thriving automobile dealership, this property boasts a prime location with approximately 150 feet of paved frontage on Route 152 (Estes Avenue). The building features a 20' x 34' showroom with glass doors, ideal for showcasing vehicles or other retail displays. A wood stove and forced hot air provide comfortable warmth to the showroom and lounge area. The front section also includes offices, a coffee room, and bathrooms (20' x 32'). The rear (20' x 66') offers three heated bays, equipped with an automotive lift, compressor, and other service equipment. The building is constructed with metal roofing and siding and benefits from a 200-amp electrical service with 3-phase power. Heating options include oil, wood, and electric. A cold storage shed is also included. The property features a drilled well and septic system. Conveniently located just 4 miles from Pittsfield's Main Street, 6 miles from Newport, 7 miles from Canaan, and 17 miles from Skowhegan. Additional abutting land at the corner of Route 2 and Route 152 is available for purchase, expanding the potential uses of this already versatile property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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