670 Alfred Rd Arundel, ME 04046-8707
This exceptional commercial property, situated at 670 Alfred Road in Arundel, Maine, presents a unique investment opportunity. Conveniently located on Route 111, just minutes from Route 95, it enjoys easy access to both Portsmouth, NH and Portland, ME, placing it within reach of a substantial customer base. The property encompasses a generous 12.11 acres of land, providing ample space for expansion or future development. The main commercial building boasts 12,256 square feet of space, featuring a prominent glass storefront for optimal visibility and three rear receiving bay doors for efficient loading and unloading of goods. Adding to its versatility, the property includes six greenhouses, totaling over 20,480 square feet of covered area, ideal for various agricultural or horticultural uses. Extensive paved and patio areas, totaling 10,688 square feet, provide ample outdoor space for operations or customer parking. A permitted on-site residence of 576 square feet adds to the property's functionality, featuring a kitchen, bathroom, and a combined bedroom/living area. The property is zoned commercial with a permitted residential use, offering flexibility for a variety of business and residential applications. This property is ideally suited for a business seeking a prominent location with ample space and diverse operational capabilities. The combination of commercial space, greenhouse facilities, and residential accommodation makes this a truly unique and versatile offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.