149 Maine StBrunswick, ME 04011

Property Details for 149 Maine St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.84 AC

Property size (Sq ft)

31,774 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

BRUN M:U13 L:164

APU

BRUNMU13L164

Description

Tontine Mall, located at 149 Maine St, Brunswick, ME 04011, presents a unique opportunity for businesses seeking Class A office space. This 9,565 square foot property, categorized as Retail and Office with a specific Executive Office and Strip Center subtype, boasts 3,533 square feet of immediately available space. The building, situated on a 0.84-acre lot, underwent renovations in 2021, ensuring modern amenities and a high-quality environment. The property features ample parking with 75 spaces available for tenants and visitors. Its zoning designation is GM6 (Growth Mixed-Use 6) with VRO (Village Review Overlay), reflecting its prime location within a thriving community. The multiple tenancy structure offers flexibility and potential for collaboration. This exceptional property is ideal for businesses seeking a prominent presence in Brunswick, Maine. The building's size and modern updates make it suitable for a variety of office configurations. The convenient location and ample parking ensure easy access for employees and clients alike. Interested parties should note the available 3,533 square feet of vacant space ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $5,253,192

  6.5%

  $4,849,100

  7%

  $4,502,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,151,591

  Geo Method

  $4,151,591

• Alternative Use

  Use

  Valuation

  Residential

  $6,012,884

  Hospitality

  $5,507,769

  Educational

  $4,582,399

  Medical

  $4,739,995

  Retail

  $7,128,176

Location Insight

City

Brunswick

County

Cumberland

State

Maine

Latitude

43.9146

Longitude

-69.9642

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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