867 Western AveManchester, ME 04351

Property Details for 867 Western Ave

Lot size

6.54 AC

Zone code

MANCHE

Property type

Other commercial real estate

APN

MANR M:U18 L:023-00B

APU

MANRMU18L02300B

Description

This exceptional mixed-use property, located at 867 Western Avenue in Manchester, Maine, presents a compelling investment opportunity. The property encompasses 19,360 square feet across two buildings, each two stories high, situated on a substantial 6.54-acre lot. Built in 1987 and renovated in 2004, the complex boasts a desirable traditional office layout, currently housing two tenants. The asking price is $1,995,000, translating to $103.05 per square foot. The property features over 12,000 square feet of office space, including 23 individual offices and multiple conference rooms. Ample parking is available for tenants and visitors. Significant warehouse space complements the office area, adding to the property's versatility. Its convenient location, less than three miles from the interstate, ensures high visibility and accessibility. The property is zoned for Manchester Village and offers a high traffic count, making it an ideal location for a variety of businesses. This fully leased investment property provides immediate cash flow and significant potential for future growth within a thriving Maine community.

• Alternative Use

  Use

  Valuation

  Residential

  $53,910,816

  Hospitality

  $49,382,020

  Educational

  $41,085,260

  Medical

  $42,498,244

  Retail

  $63,910,404

Location Insight

City

Manchester

County

Kennebec

State

Maine

Latitude

44.325

Longitude

-69.8593

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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