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Property profile

225 Aroostook Ave Millinocket, ME 04462

OFF-MARKET
Commercial real estate
Property ID
US42-0496480
8,369 SF 0.16 ac lot
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Property summary

AI-generated overview

This exceptional 8,369 square foot commercial property is situated in the heart of downtown Millinocket, Maine. The building, formerly a hardware store, offers a versatile layout suitable for a wide range of businesses. The spacious ground floor is ideal for retail, office, or mixed-use operations, benefiting from high visibility and significant foot traffic in a bustling commercial district. Extensive storage space is available, adaptable for inventory, equipment, or additional workspace. The property boasts modern utilities and updated wiring, ensuring a comfortable and efficient environment. Convenient on-street parking and easy access to major roads add to its appeal. Located near local amenities, this property presents a unique opportunity for businesses seeking a prominent presence in a thriving community. The sale includes a non-compete clause related to the previous hardware store operation. The 0.16-acre lot provides ample space for operations and potential future expansion. This is a chance to establish or expand your business in a revitalizing downtown area.

Property profile

Verified
Property type Commercial real estate
Total area 8,369 SF
Lot 0.16 ac (6,970 SF)
UPID US42-0496480

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement
  • Building Supply Hardware & Home Improvement

Location

225 Aroostook Ave Millinocket, ME 04462
Millinocket metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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