Technical
Financial
Distress signals
Property profile

4 Townsend Ave Boothbay Harbor, ME 04538

FOR SALE
Retail space
Property ID
US42-0424393
7,038 SF 0.1 ac lot Built 1920
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Commercial property located in downtown Boothbay Harbor at the intersection of Oak Street and Townsend Avenue, with sidewalk frontage and access to nearby public parking. The building totals 5,508 square feet and includes a street-level retail space with display windows, a bathroom, an original bank vault, and backroom storage, along with a fully renovated coworking space featuring five offices, a conference room, a copy center, a lounge area, a coffee bar/kitchenette, and a bathroom. The second floor contains an office suite with four offices, a breakroom, a conference room, a large lounge area, and a bathroom; the second-floor office is intentionally vacant. Building improvements include a replaced roof and upgrades to mechanical systems, and the retail space includes new floors, windows, and entry doors; the coworking unit has been fully renovated and provides secure keypad access. The property is equipped with central air conditioning and a fire sprinkler system.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,038 SF
Lot 0.1 ac (4,356 SF)
APN BOOH M:019 L:158
UPID US42-0424393

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
  • (Bike/Boat/Book/etc) Store
  • Coworking & Hybrid Office
  • Home Decor Store

Location

4 Townsend Ave Boothbay Harbor, ME 04538
Boothbay Harbor metro Census 976200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2014
6 recorded transactions
2020
Price N/A
2014
Price N/A
2014
Price N/A
2014
Price N/A
2013
Price N/A
2013
Price N/A

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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