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Property profile & analytics
OFF-MARKET
Medical Office Space

23 Spg St Dexter, ME 04930-1325

0.08 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US42-0108636
Property summary
AI-generated overview

This exceptional mixed-use property at 23 Spring Street in Dexter, Maine presents a compelling investment opportunity. The 3,588 square foot building sits on a 0.08-acre lot and boasts a prime location offering excellent visibility. Currently generating income from five established businesses, this property provides immediate cash flow potential. The building's configuration is ideal, with four businesses occupying the upper level, all accessible from Spring Street, and one business located on the ground floor with convenient access to the municipal parking lot. Both levels feature level entry for easy accessibility. Each tenant space includes its own dedicated bathroom, enhancing convenience and privacy. A significant advantage is the presence of an updated commercial kitchen in the downstairs unit, adding value and versatility to the property. The existing tenants are well-established, suggesting a history of stable occupancy and consistent rental income. This property is an excellent choice for investors seeking a diversified income stream in a desirable location. The building's strong tenant base and strategic location make it a particularly attractive investment opportunity. The combination of high visibility, multiple income streams, and an updated commercial kitchen makes this a rare find in the Dexter market. This property offers a solid foundation for long-term growth and profitability. The asking price is $189,900.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Lot 0.08 ac (3,485 SF)
APN DEXT M:010 L:153
UPID US42-0108636
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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Comparable Approach Comparable
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Owner & transaction history
BENJAMIN COOKSON LLC
BENJAMIN COOKSON LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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