10 Davis St Presque Isle, ME 04769

This exceptional 6,748 square foot retail storefront, located at 10 Davis St in Presque Isle, Maine, presents a compelling investment opportunity. Currently vacant, the property boasts a strong asking price of $848,560, translating to $125.75 per square foot. The building sits on a sizable 1.15-acre lot in a prime downtown location, offering excellent visibility and accessibility. With a substantial net operating income (NOI) of $74,820 and an attractive 8.82% cap rate, this property promises strong returns. Its strategic location along Main Street provides easy access to a high volume of traffic and is conveniently situated just five minutes from Presque Isle International Airport. The property benefits from a strong tenant mix in the immediate vicinity, including well-known national brands such as Shell, McDonald's, Subway, Verizon, and Walmart. This presents a rare chance to acquire a well-positioned retail space in a thriving Maine community. The property is currently vacant, but the previous tenant, Aaron's, has a lease that extends for a portion of the next four years. This provides an opportunity for immediate income generation or the ability to secure a new tenant upon lease expiration. The property's size and location make it suitable for a variety of retail uses. This is an ideal investment for those seeking a high-return property in a desirable location. The zip code is 04769.