20 Main StMexico, ME 04257

Property Details for 20 Main St

Lot size

0.53 AC

Property type

Banks

APN

MEXI M:020 L:35

APU

MEXIM020L35

Description

This exceptional commercial property, located at 20 Main Street in the vibrant town of Mexico, Maine, presents a fantastic investment opportunity. Boasting a generous 1,736 square feet of space, this general commercial building sits on a sizable 0.53-acre lot, offering ample room for expansion, outdoor storage, or potential future development. The property's strategic Main Street location ensures high visibility and accessibility, making it ideal for a wide range of businesses. The asking price of $59,000 represents exceptional value for a property of this size and location in Maine. The building's interior layout is adaptable and can be configured to suit various commercial needs. Its solid construction ensures durability and longevity, minimizing future maintenance costs. The 0.53-acre lot provides significant potential for outdoor activities related to the business, or for future expansion of the building itself. This property is ready for immediate occupancy and presents a rare chance to acquire a well-situated commercial space in a thriving Maine community. Don't miss this opportunity to establish your business in a prime location with significant growth potential. Serious inquiries are encouraged. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $6,188,570

  6.5%

  $5,712,526

  7%

  $5,304,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,611,922

  Geo Method

  $7,601,700

• Alternative Use

  Use

  Valuation

  Residential

  $4,818,730

  Hospitality

  $4,413,930

  Educational

  $3,672,338

  Medical

  $3,798,636

  Retail

  $5,712,526

Location Insight

City

Mexico

County

Oxford

State

Maine

Latitude

44.5559

Longitude

-70.5454

Property Tax & Assessments

FAQs

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