For Sale
$1,400,000

568 Main StFryeburg, ME 04037

Profitable medical building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 5,000 square foot, Class B medical office building located at 568 Main Street in Fryeburg, Maine. The property, built in 2001 and renovated in 2019, boasts three individual medical office suites, currently enjoying 100% occupancy with long-term leases. Situated on a 3.2-acre lot (APN: Map 41, Lot 18), this two-story building offers ample on-site parking both in front and rear. The high-visibility location on Main Street provides 125 feet of frontage, benefiting from significant traffic counts averaging approximately 13,000 cars per day during the summer months. Enjoy expansive mountain range views. The property is zoned Commercial and presents a compelling opportunity for owner-occupancy or continued investment. Further development potential exists, with the possibility of developing two additional building lots, per the Town of Fryeburg. The asking price is $1,400,000, translating to $280 per square foot. This is a rare chance to acquire a thriving medical office building in a desirable Maine location.

Highlights

  • 5,000 SF Class B medical office building with three suites, 100% occupied with long-term leases.
  • Excellent investment opportunity with strong tenant occupancy.
  • Owner-occupancy potential.
  • High-visibility location with 125 feet of frontage on Main Street.
  • High summer traffic counts averaging 13,000 cars per day.
  • Ample on-site parking.

Property Details for 568 Main St

Property type
Office properties, Medical offices
Square Feet
5,000 SF
Class
B
Year Built/Renovated
2001/2019
Buildings
1
Stories
2
Lot Size (sq. ft)
139,392 SF
Units
3

Location Insight

City
Fryeburg
County
Oxford
State
Maine
Latitude
44.016292399165
Longitude
-70.981172305088
568 Main St, Fryeburg, Maine

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568 Main St
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