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Property profile & analytics
FOR LEASE
Office buildings

405 Water St Gardiner, ME 04345

34,465 SF 1.44 ac lot Built 1970
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US42-0197085
Property summary
AI-generated overview

This exceptional one-story, 34,465 square foot Class B office building, renovated in 2020, offers multiple suite options ranging from 2,631 to 10,804 contiguous square feet. Currently, six suites exist, with 16,250 square feet of vacant space available for lease. The building boasts a prime location in downtown Gardiner, directly on Routes 201/9, providing high visibility and easy access to the Maine Turnpike and I-295. This location offers significant advantages, being less than five minutes from major interstates and situated in a thriving community with a rich history and abundant recreational opportunities. Current tenants include established businesses such as Family Dollar, Encompass Energy, Solomon Casket, and Lifetouch, creating a strong tenant mix. The property includes 40 parking spaces and is zoned CC - Cobbossee Corridor with Shoreland Overlay (APN: 037/001 & 034/084, Kennebec County). The building features circuit breaker power, but lacks elevators. Multiple configuration options are available to suit various business needs, making this an ideal location for businesses seeking high visibility, convenient access, and a vibrant community setting. The city of Gardiner offers a blend of historical charm and modern amenities, including a waterfront park, boat launch, and easy access to Maine's coastal and mountain regions.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction STEEL FRAME
Total area 34,465 SF
Lot 1.44 ac (62,726 SF)
Zoning code 17
APN GARR M:037 B:001
UPID US42-0197085
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.79M
Blend (final) Blend
$1.44M
Owner & transaction history
AREA LEASING & DEVELOPMENT
AREA LEASING & DEVELOPMENT
Zoning & alternative use
17 · Gardiner, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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