43 Owens St Bingham, ME 04920
This exceptional 10,000 square foot mixed-use property in Bingham, Maine, presents a remarkable investment opportunity. Formerly a nursing home, the main building boasts 18 bedrooms adaptable for various uses, including offices, residential units, or classrooms. A large cafeteria, industrial kitchen, lounge, administrative offices, hair salon, and ample storage are included, along with industrial washers and dryers. The property benefits from a 2017 HWBB heating system, four heat pumps, a sprinkler system, hard-wired smoke alarms, high-speed internet, a backup generator, and two 1,000-gallon propane tanks. Two detached office buildings offer additional space. Situated on 1.31 acres with over 25 parking spaces, this turnkey property offers significant expansion potential. Located at 43 Owens St, Bingham, ME 04920, this 1974-built building is priced at $599,000, or $59.90 per square foot. The property's versatility and existing infrastructure make it ideal for a wide range of commercial ventures. The ample parking and expansive land provide room for future growth and development. This is a rare opportunity to acquire a substantial property in a desirable Maine location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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