23 Spg St Dexter, ME 04930-1325
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.