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Property profile & analytics
FOR LEASE
Showrooms

650 River Ave Gardiner, ME 04359

138,823 SF 4.6 ac lot Built 1960
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US42-0155783
Property summary
AI-generated overview

This exceptional industrial warehouse opportunity is located at 650 River Avenue in Gardiner, Maine, within Kennebec County (zip code 04359). The property, originally the Gardiner Associated Grocers Distribution Center, offers a flexible space totaling 133,760 square feet, with up to 30,000 contiguous square feet currently available for lease. This section is divisible down to a minimum of 15,000 square feet, providing adaptability for various business needs. The warehouse boasts a substantial 21-foot ceiling height, facilitating efficient storage and operations. Loading and unloading are streamlined with four existing loading docks, complemented by convenient man door access. The building, constructed in 1955, sits on a generous 8.2-acre lot, zoned as Planned Development (PD). The available space is heated, ensuring a comfortable and productive work environment year-round. This prime location offers excellent access to transportation networks, making it an ideal choice for businesses requiring efficient logistics. Serious inquiries are encouraged to explore this exceptional warehouse opportunity.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 138,823 SF
Lot 4.6 ac (200,376 SF)
Zoning code 18
APN GARR M:041 B:058
UPID US42-0155783
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
$4.49M
Blend (final) Blend
$4.07M
Owner & transaction history
650 River LLC · 5 yrs held
650 River LLC
since 2021
2 recorded transactions
2021
Price N/A
2006
Price N/A
Zoning & alternative use
18 · Gardiner, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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