For Lease
$4/SF/YR

207 Development Dr Limestone, ME 04751

47,783 SF, Flexible Space, Maine

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 47,783-square-foot mixed-use building in Limestone, Maine, presents a unique investment opportunity. Located at 207 Development Drive on the former Loring Air Force Base, this Class A property offers flexible space ideal for a variety of uses, including traditional office, creative office, medical office, coworking, R&D, distribution, warehouse, manufacturing, flex space, and executive office. The building features approximately 30,000 square feet of finished space and 18,000 square feet of warehouse space, with high ceiling clearances and recently upgraded ventilation. Built in 1985 with significant renovations as recent as 2007, including a new roof, the property boasts 170+ parking spaces and three loading docks. Minimum leasable space is 5,000 square feet, with the entire 47,783 square feet available. The property is zoned for Commercial/Mixed Use and benefits from several incentives, including Pine Tree Zone certification (Tier 1), Opportunity Zone certification, Business Equipment Tax Exemption (BETE), Municipal Tax Increment Financing (TIF), and New Market Tax Credit (NMTC) eligibility. Situated within the Green 4 Maine Campus at Loring, this location offers access to a robust infrastructure, including a high-capacity municipal utility infrastructure and a newly constructed dark fiber network. The campus is home to over 45 employers and 1,200 employees, and is strategically positioned as a major air cargo distribution hub with a 12,000+ foot airstrip. This property is perfectly suited for businesses seeking a modern, efficient, and strategically located space within a thriving community. The streamlined permitting process and flexible zoning further enhance its appeal.

Highlights

  • 47,783 SF mixed-use building in Limestone, ME, on former Loring AFB.
  • Leasable space from 5,000 SF to 47,783 SF total.
  • 170 parking spaces.
  • Triple Net (NNN) lease.
  • Located in a Pine Tree Development Zone (Tier 1).
  • Business Equipment Tax Exemption (BETE) eligible.

Property Details for 207 Development Dr

Property type
Warehouses, Retail properties
RSF (Rentable sq. ft)
47,783 SF
Class
A
Year Built
1985
Buildings
1
Stories
1

Unit(s) available at that property

Space
Suite: 207
Size
47,783 SF
Rate per SF
$4

Location Insight

City
Limestone
County
Aroostook
State
Maine
Latitude
46.9228699
Longitude
-67.8726024

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FAQs

What type of property is this?
Warehouse - 47,783 SF, Flexible Space, Maine
Where is the warehouse located?
The property is located at 207 Development Dr Limestone, ME.
What is the lease rate?
The lease rate is $4/SF/YR.
What are key features of this property?
This property features: 47,783 SF mixed-use building in Limestone, ME, on former Loring AFB.; Leasable space from 5,000 SF to 47,783 SF total.; 170 parking spaces.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Andrea Page
Andrea Page
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Development Dr
Limestone, ME 04751

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Development Dr
Limestone, ME 04751

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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207 Development Dr
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    Andrea Page
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