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Property profile & analytics
OFF-MARKET
Commercial real estate

588 Northern Ave Farmingdale, ME 04344

1,250 SF 0.82 ac lot
Property ID
US42-0317307
Property summary
AI-generated overview

This exceptional 0.82-acre commercial property located at 588 Northern Avenue in Farmingdale, Maine, presents a unique investment opportunity. Priced at $275,000, the property includes a 1,250 square foot building currently configured as a one-level home featuring two bedrooms, two bathrooms, a living room, kitchen, dining room, and a mudroom. A significant asset is the existing 30 x 32 foot heated garage, previously utilized for auto repair, complete with all the necessary tools to immediately commence operations in this field. A comprehensive inventory list of these tools will be provided to prospective buyers. Adding to the property's versatility is a detached one-car garage. The property's zoning and permitted uses should be independently verified by the buyer. Situated in Kennebec County, Maine, with the zip code 04344, this property offers substantial potential for various commercial ventures, leveraging the existing building and garage infrastructure. The location provides convenient access to local amenities and transportation routes. This is a rare opportunity to acquire a versatile commercial property with existing improvements in a desirable Maine location. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Total area 1,250 SF
Lot 0.82 ac (35,719 SF)
UPID US42-0317307
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
Current use
Occupant on record · Public records
  • Magee's Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
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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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