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Property profile & analytics
OFF-MARKET
Commercial real estate

225 Aroostook Ave Millinocket, ME 04462

8,369 SF 0.16 ac lot
Property ID
US42-0496480
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Katahdin True Value Building Supply Hardware & Home Improvement
  • Levasseur True Value Hardware & Building Supply Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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