177 Gray RdFalmouth, ME 04105

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 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.

• 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

FAQs

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