16 Ferry RdLewiston, ME 04240

  • Other commercial real estate
  • 12,428 SF
For Sale
$824,000 View listing

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
16 Ferry Rd, Lewiston, Maine

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,382
$62,100
$350,640
$412,740
-
-
-
-

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