Property profile

225 High St Ellsworth, ME 04605

FOR LEASE
Super regional malls
Property ID
US42-0775773
52,584 SF 27.38 ac lot Built 1967
Entity Owned Free & Clear
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225 High St, Ellsworth, ME 04605 For Lease
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225 High St, Ellsworth, ME 04605
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Property summary

AI-generated overview

Located at 225 High St, Ellsworth, ME 04605, Maine Coast Mall offers a unique opportunity for businesses seeking flexible retail or industrial space in Hancock County. This multi-tenant property boasts a total of 40,896 square feet, with eight individual suites available. The property is categorized as both retail and industrial, making it suitable for a diverse range of businesses. Space options are highly flexible, with a minimum divisible unit of 3,882 square feet and a maximum contiguous space of 15,000 square feet. Currently, a significant portion of the building, totaling 45,639 square feet, is vacant, presenting a rare chance to secure substantial space in a well-situated location. The property's "flex" designation highlights its adaptability to various business needs. This prime Ellsworth location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking to establish or expand their presence in the vibrant Maine market. The property's diverse suite sizes cater to a wide spectrum of business requirements, from small startups to larger enterprises. Don't miss this opportunity to secure your ideal space in this versatile and strategically located commercial property.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1967
Total area 52,584 SF
Lot 27.38 ac (1,192,673 SF)
Zoning code CDD
APN ELLH M:128 B:007 L:000 U:000
UPID US42-0775773

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
  • Electric Vehicle Charging Station
  • Garden Center
  • Construction Company General Contractor
  • Building Supply Hardware & Home Improvement
  • (Bike/Boat/Book/etc) Store

Location

225 High St Ellsworth, ME 04605
Ellsworth metro Census 965503
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.11M

Owner & transaction history

Zoning & alternative use

CDD · Ellsworth, ME

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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