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Property profile & analytics
OFF-MARKET
Commercial real estate

20 Estes Ave Palmyra, ME 04965

2,640 SF 3.3 ac lot Built 1970
Property ID
US42-0512563
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1970
Total area 2,640 SF
Lot 3.3 ac (143,748 SF)
UPID US42-0512563
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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