16 Ferry RdLewiston, ME 04240
- Other commercial real estate
- 12,428 SF
Property Details for 16 Ferry Rd
- Year built
- 1979
- Lot size
- 5.70 AC
- Property size (Sq ft)
- 12,428 SF
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- LEWI M:125 L:054
- APU
- LEWIM125L054
Description
This exceptional commercial property, situated just one mile from the Maine Turnpike in Lewiston, presents a unique opportunity for a variety of businesses. Boasting over 12,428 square feet of versatile space on a generous 5.7-acre lot, this mixed-use property offers significant potential. The building features ten individual offices, perfect for a growing company or multiple tenants, and a welcoming reception area to greet clients and visitors. A substantial warehouse component comprises a significant portion of the square footage, featuring an impressive 20-foot ceiling height, providing ample storage and operational space. Four overhead doors and conveniently located loading docks ensure efficient shipping and receiving, streamlining logistical operations. The property's strategic location offers unparalleled convenience and accessibility, making it an ideal choice for businesses seeking a flexible and well-positioned space to thrive. The ample land provides room for expansion or future development, adding to the property's long-term value and potential. This is a prime commercial offering in a desirable location, ready for immediate occupancy and poised for success. The combination of office space and warehouse functionality makes this property exceptionally versatile and attractive to a wide range of potential buyers.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,020,438
- 6.5%
- $2,788,096
- 7%
- $2,588,947
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,092,083
- Geo Method
- $4,092,083
-
Alternative Use
- Use
- Valuation
- Residential
- $2,351,864
- Hospitality
- $2,154,294
- Educational
- $1,792,348
- Medical
- $1,853,989
- Retail
- $2,788,096
Location Insight
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Latitude
- 44.0678
- Longitude
- -70.1722
- CBSA code
- 30340
- CBSA name
- LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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