35 Cedar Ln Wales, ME 04280
This exceptional Maine mixed-use property, situated on a private 2.03-acre lot in Wales, offers a unique blend of residential and commercial potential. The property boasts two buildings totaling 6,948 square feet, constructed in 2019. One building measures 50x50 feet and features radiant heat and epoxy floors, while the second building measures 40x80 feet, also with epoxy floors. A six-car garage (two separate three-car garages) provides ample storage. The property includes a two-story, two-bedroom apartment with an outdoor patio and kitchen. The 400-amp underground power system ensures sufficient electrical capacity. Currently zoned Rural, this versatile property offers numerous possibilities. Included in the sale is existing cannabis growing equipment. The asking price is $700,000, translating to $100.75 per square foot. The property is available for occupancy on June 24, 2024. Detailed specifications and features are available in the provided documents. This is a rare opportunity to acquire a substantial property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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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.