550 Beach RdLincolnville, ME 04849
- Land
- 37,145 SF
Property Details for 550 Beach Rd
- Year built
- 1996
- Lot size
- 9.00 AC
- Property size (Sq ft)
- 37,145 SF
- Property type
- Land
- Property subtype
- Other specialty properties
Description
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.
Location Insight
- City
- Lincolnville
- County
- Waldo
- State
- Maine
- Latitude
- 44.2844
- Longitude
- -69.0519
Comparable in this City
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