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Property profile & analytics
OFF-MARKET
Commercial real estate

867 Western Ave Manchester, ME 04351-3532

6.54 ac lot
Entity Owned 4-yr Hold Free & Clear
Property ID
US42-0900627
Property summary
AI-generated overview

This exceptional mixed-use property, located at 867 Western Avenue in Manchester, Maine, presents a compelling investment opportunity. The property encompasses 19,360 square feet across two buildings, each two stories high, situated on a substantial 6.54-acre lot. Built in 1987 and renovated in 2004, the complex boasts a desirable traditional office layout, currently housing two tenants. The asking price is $1,995,000, translating to $103.05 per square foot. The property features over 12,000 square feet of office space, including 23 individual offices and multiple conference rooms. Ample parking is available for tenants and visitors. Significant warehouse space complements the office area, adding to the property's versatility. Its convenient location, less than three miles from the interstate, ensures high visibility and accessibility. The property is zoned for Manchester Village and offers a high traffic count, making it an ideal location for a variety of businesses. This fully leased investment property provides immediate cash flow and significant potential for future growth within a thriving Maine community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 6.54 ac (284,882 SF)
Zoning code MANCHE
APN MANR M:U18 L:023-00B
UPID US42-0900627
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
  • Golden Nozzle Car Wash Car Wash
  • Fabian Oil Fuel Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
E23 LLC · 4 yrs held
E23 LLC
since 2021
3 recorded transactions
2021
$1.6M
2020
Price N/A
2020
$1.3M
Zoning & alternative use
MANCHE · Manchester, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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