705 Maine AveFarmingdale, ME 04344

Property Details for 705 Maine Ave

Lot size

5.00 AC

Property size (Sq ft)

1,900 SF

Property type

Mixed-use properties

Description

This exceptional 5-acre mixed-use property in Farmingdale, Maine, presents a unique investment opportunity. Located on Route 201/27, it boasts over 300 feet of frontage on this busy retail corridor, ensuring high visibility and accessibility. The property's strategic location is further enhanced by its proximity to the Kennebec River Rail Trail, offering seasonal river views and appealing to a broader range of potential uses. The site currently features three existing buildings. Building #1 is a two-story residential structure with three bedrooms and one bathroom. Building #2 comprises a one-bedroom, one-bathroom apartment with a single-car garage. Building #3 is a smaller storage shed. Neighboring businesses include a Dunkin' Donuts and Another Man's Treasure, indicating a thriving commercial environment. The property's size and location lend themselves to a variety of redevelopment possibilities, including renovation of the existing structures, conversion into a self-storage facility, or the development of residential apartments. All potential uses are subject to the approval of the town of Farmingdale. With its substantial acreage, prime location, and versatile potential, this property represents a compelling investment prospect for discerning buyers. The total square footage of the buildings is 1,900 square feet.

Location Insight

City

Farmingdale

County

Kennebec

State

Maine

Latitude

44.2661

Longitude

-69.785

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