For Sale
$3,600,000

550 Beach RdLincolnville, ME 04849

Maine Coast Self Storage Investment

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional turnkey self-storage facility, located at 550 Beach Road in Lincolnville, Maine, presents a compelling investment opportunity. The property encompasses 37,145 square feet across seven single-story buildings situated on a spacious 9-acre lot. Built in 1996 and renovated in 2020, the facility boasts 270 units, offering a mix of 25 climate-controlled and 245 non-climate-controlled storage options. Its prime location provides excellent visibility and road frontage, enhanced by prominent signage. The property enjoys a stabilized income stream, presenting significant potential for future growth. Financial projections indicate a 7.4% capitalization rate based on current income and expenses. The property's strong performance, combined with its desirable location and substantial size, makes it an attractive acquisition for investors seeking a stable, high-yield asset in the thriving Maine coastal market. Detailed financial statements are available upon request. The property is zoned for self-storage and offers ample space for potential expansion or additional development. This is a rare opportunity to acquire a well-maintained, high-performing self-storage facility in a sought-after location. The property's strong cash flow and growth potential make it an ideal addition to any investment portfolio. The 04849 zip code offers a desirable coastal Maine location.

Highlights

  • 37,145 SF turnkey self-storage facility.
  • Seven buildings on 9± acres with 270 units (25 climate-controlled, 245 non-climate-controlled). Excellent visibility and signage.
  • Stabilized income with growth potential; 7.4% cap rate.

Property Details for 550 Beach Rd

Property type
Specialty properties, Land
Square Feet
37,145 SF
Year Built/Renovated
1996/2020
Buildings
7
Stories
1
Lot Size (sq. ft)
392,040 SF

Location Insight

City
Lincolnville
County
Waldo
State
Maine
Latitude
44.2843665
Longitude
-69.0518712
550 Beach Rd, Lincolnville, Maine

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550 Beach Rd
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