52 Milbridge Rd, Cherryfield, ME 04622
- Mixed-use properties
- 2,500 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 52 Milbridge Rd
- Property type
- Mixed-use properties
Description
This exceptional 2,500 square foot mixed-use property located at 52 Milbridge Road in Cherryfield, Maine, presents a compelling investment opportunity. Currently generating income via a triple-net leased office space to a local oil company, this property offers significant upside potential. An existing garage provides ample space for various uses, including rental income, a retail shop, automotive repair, tire services, or a redemption center. The property also features four gas pumps under a canopy requiring updates. Securing a major gas company investment could dramatically increase profitability, particularly with the addition of a convenience store, creating a significant regional hub. Financial details are available upon execution of a non-disclosure agreement. The property's existing income stream can help offset mortgage payments, allowing for the pursuit of additional income-generating ventures. The upper level of the garage presents the possibility of conversion into residential living space, further enhancing the property's value and versatility. This is a rare chance to acquire a multi-faceted commercial property with immediate income and substantial growth potential in a desirable Maine location. The property sits on a 0-acre lot. The asking price is $499,000.
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Location Insight
- Map
- Local Demand
- City
- Cherryfield
- County
- Washington
- State
- Maine
- Longitude
- -67.92408
- Latitude
- 44.59772
