1705 Us-202Winthrop, ME 04364

Property Details for 1705 Us-202

Year built

1971

Lot size

18.96 AC

Property size (Sq ft)

130,000 SF

Property type

Industrial properties

Property subtype

Other office properties

Description

This exceptional 130,000 square foot industrial/office complex in Winthrop, Maine, presents a compelling investment opportunity. Situated on a substantial 18.96-acre lot with 850 feet of frontage on heavily trafficked US Route 202, this property boasts significant visibility and accessibility. The single-story, 1971-built building underwent extensive renovations in 2020 and further upgrades exceeding $700,000 since 2022, including new LED lighting, flooring, a modern conference room, and updated HVAC systems. Currently operating as a multi-tenant property with a diverse tenant mix, it offers a solid income stream. Approximately 21,500 square feet of vacant space presents immediate potential for owner-occupancy or further lease income generation. The property features 17-foot ceilings, two loading docks, and is zoned for general commercial use. This is a rare opportunity to acquire a well-maintained, high-traffic, income-producing property with significant upside potential in a desirable Maine location. The asking price is $9,950,000, translating to $76.54 per square foot. A detailed offering memorandum is available upon request.

Location Insight

City

Winthrop

County

Kennebec

State

Maine

Latitude

44.304

Longitude

-69.9596

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