550 Beach RdLincolnville, ME 04849

Property Details for 550 Beach Rd

Year built

1996

Lot size

9.00 AC

Property size (Sq ft)

37,145 SF

Property type

Specialty properties

Property subtype

Land

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

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