177 Gray RdFalmouth, ME 04105
- Office properties
- 4,082 SF
Property Details for 177 Gray Rd
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 3.36 AC
- Property size (Sq ft)
- 4,082 SF
- Zone code
- VMU
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- FMTH M:U42 B:037 L:B
- APU
- FMTHMU42B037LB
Description
This exceptional commercial property at 177 Gray Rd, Falmouth, ME 04105, offers a unique blend of office suites and ample outdoor storage space. The 4,082 square foot building, constructed in 1970, sits on a 3.36-acre lot and is zoned VMU (Village Mixed-Use). The two-story structure features multiple tenancies, with available office spaces ranging from 225 to 800 square feet, making it ideal for a variety of businesses. The property boasts excellent visibility thanks to pylon signage and is conveniently located just north of the West Falmouth Hannaford, ensuring high traffic and easy access. Shared on-site parking is provided for tenants' convenience. The existing tenant mix includes established businesses such as New England Landscapes, The Grounds Crew, Southpaw Sign Studio, and Wireless Consulting, creating a thriving and collaborative environment. The property's APN is U42-37-B, and it is situated in Cumberland County. This versatile property presents a fantastic opportunity for businesses seeking a combination of office space and secure outdoor storage. The property's location and existing tenant base offer a strong foundation for future success. Contact us today to learn more about this exceptional opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $674,876
- 6.5%
- $622,963
- 7%
- $578,466
-
Comparable approach
- Method
- Valuation
- Relative Method
- $533,354
- Geo Method
- $533,354
-
Alternative Use
- Use
- Valuation
- Residential
- $772,474
- Hospitality
- $707,582
- Educational
- $588,700
- Medical
- $608,946
- Retail
- $915,756
Location Insight
- City
- Falmouth
- County
- Cumberland
- State
- Maine
- Latitude
- 43.749
- Longitude
- -70.2976
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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