24 Lawrence Ave Fairfield, ME 04937
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 24 Lawrence Ave
- Property type
- Commercial real estate
Description
This well-maintained commercial building in downtown Fairfield, Maine, presents a fantastic opportunity. Situated across from the Fairfield Town Office and close to Main Street shopping and I-95, this property offers unparalleled convenience. The building features approximately 2,600 square feet (including an unfinished area) of space, currently configured as one large open area with two bathrooms, a kitchenette, and six separate offices. Four separate front entrances allow for future division into four individual units, increasing rental income potential. A large paved parking lot provides ample space for tenants and visitors. The building is equipped with central air conditioning and propane heating. An unfinished area at the rear of the building, approximately 26' x 44' (per town records), offers significant expansion potential for a future tenant or owner. The asking price is $539,000. This property is ideal for an owner-occupier seeking a versatile space or an investor looking for a strong return. The combination of location, existing infrastructure, and expansion possibilities makes this a truly exceptional commercial investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Somerset
- State
- Maine
- Longitude
- -69.5956486
- Latitude
- 44.5881103