16 Ferry RdLewiston, ME 04240

Property Details for 16 Ferry Rd

Year built

1979

Lot size

5.70 AC

Property size (Sq ft)

12,428 SF

Property type

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.

• 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

FAQs

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