670 Alfred RdArundel, ME 04046

Property Details for 670 Alfred Rd

Year built

1995

Lot size

12.11 AC

Property size (Sq ft)

12,000 SF

Property type

Investment properties

Property subtype

Live-work space

APN

ARUN M:004 L:040A

APU

ARUNM004L040A

Description

This exceptional commercial property, situated at 670 Alfred Road in Arundel, Maine, presents a unique investment opportunity. Conveniently located on Route 111, just minutes from Route 95, it enjoys easy access to both Portsmouth, NH and Portland, ME, placing it within reach of a substantial customer base. The property encompasses a generous 12.11 acres of land, providing ample space for expansion or future development. The main commercial building boasts 12,256 square feet of space, featuring a prominent glass storefront for optimal visibility and three rear receiving bay doors for efficient loading and unloading of goods. Adding to its versatility, the property includes six greenhouses, totaling over 20,480 square feet of covered area, ideal for various agricultural or horticultural uses. Extensive paved and patio areas, totaling 10,688 square feet, provide ample outdoor space for operations or customer parking. A permitted on-site residence of 576 square feet adds to the property's functionality, featuring a kitchen, bathroom, and a combined bedroom/living area. The property is zoned commercial with a permitted residential use, offering flexibility for a variety of business and residential applications. This property is ideally suited for a business seeking a prominent location with ample space and diverse operational capabilities. The combination of commercial space, greenhouse facilities, and residential accommodation makes this a truly unique and versatile offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,983,958

  6.5%

  $1,831,346

  7%

  $1,700,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,567,920

  Geo Method

  $1,567,920

• Alternative Use

  Use

  Valuation

  Residential

  $2,270,869

  Hospitality

  $2,080,104

  Educational

  $1,730,622

  Medical

  $1,790,141

  Retail

  $2,692,079

Location Insight

City

Arundel

County

York

State

Maine

Latitude

43.4754

Longitude

-70.5272

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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