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Property profile & analytics
OFF-MARKET
Mixed-use properties

52 Milbridge Rd Cherryfield, ME 04622

2,500 SF
Property ID
US42-0378365
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Total area 2,500 SF
UPID US42-0378365
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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