For Sale
$9,950,000

1705 Us-202Winthrop, ME 04364

130,000 SF, Multi-Tenant, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 130,000 square foot industrial/office complex in Winthrop, Maine, presents a compelling investment opportunity. Situated on a substantial 18.96-acre lot with 850 feet of frontage on heavily trafficked US Route 202, this property boasts significant visibility and accessibility. The single-story, 1971-built building underwent extensive renovations in 2020 and further upgrades exceeding $700,000 since 2022, including new LED lighting, flooring, a modern conference room, and updated HVAC systems. Currently operating as a multi-tenant property with a diverse tenant mix, it offers a solid income stream. Approximately 21,500 square feet of vacant space presents immediate potential for owner-occupancy or further lease income generation. The property features 17-foot ceilings, two loading docks, and is zoned for general commercial use. This is a rare opportunity to acquire a well-maintained, high-traffic, income-producing property with significant upside potential in a desirable Maine location. The asking price is $9,950,000, translating to $76.54 per square foot. A detailed offering memorandum is available upon request.

Highlights

  • $9,950,000 asking price for this 130,000 square foot industrial/office property.
  • Located in Winthrop, ME, on 18.96 acres with 850 feet of frontage on US Route 202.
  • Features a mix of flex and traditional office space, currently multi-tenant occupied.
  • Building boasts 17-foot ceilings, two loading docks, and underwent $700,000+ in renovations since 2022.
  • Zoned General Commercial, offering development upside and owner-user potential with approximately 21,500 square feet of vacant space.
  • Built in 1971, renovated in 2020, this single-story building presents a strong income stream.

Property Details for 1705 Us-202

Property type
Office properties, Mixed-use properties
Square Feet
130,000 SF
Year Built/Renovated
1971/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
825,898 SF

Location Insight

City
Winthrop
County
Kennebec
State
Maine
Latitude
44.3039999
Longitude
-69.9596129
1705 Us-202, Winthrop, Maine

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1705 Us-202
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