498 Maine AveFarmingdale, ME 04344

Property Details for 498 Maine Ave

Year built

1934

Lot size

0.43 AC

Property size (Sq ft)

3,534 SF

Property type

Other retail properties

Property subtype

Retail properties

Description

This exceptional investment property at 498 Maine Avenue, Farmingdale, ME, presents a unique opportunity to acquire a thriving business with significant upside potential. The 0.43-acre lot boasts high visibility on a busy road and ample parking. The property comprises a 3,534 square foot building encompassing both residential and commercial space. The residential component is a three-bedroom, one-and-a-half-bathroom home featuring a spacious kitchen, dining area, and a full unfinished basement. The commercial space, totaling over 1200 square feet, currently operates as a medical cannabis retail and manufacturing facility. This area is divided into approximately 400 square feet of retail showroom and over 800 square feet of production space, including a kitchen/lab area. A separate office/outbuilding is situated behind the main commercial structure. A key feature of this offering is the inclusion of the only medical cannabis license in Farmingdale, which transfers with the sale. The property's location and existing license present a compelling opportunity for continued operation within the established medical cannabis market, with potential for expansion into recreational cannabis manufacturing and retail, subject to applicable regulations and licensing. The combined residential and commercial aspects offer multiple revenue streams, making this a truly unique and attractive investment. Priced at $1,000,000.

Location Insight

City

Farmingdale

County

Kennebec

State

Maine

Latitude

44.255

Longitude

-69.7733

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