33 Stevens RdBrewer, ME 04412

Property Details for 33 Stevens Rd

Year built

1989

Construction

FRAME

Lot size

2.01 AC

Property size (Sq ft)

22,180 SF

Zone code

IND

Property type

Other commercial real estate

Property subtype

Showrooms

APN

BRER M:20 L:29

APU

BRERM20L29

Description

This exceptional investment opportunity presents two self-storage facilities located at 33 & 76 Stevens Road in Brewer, Maine. Comprising a total of 237 units and 42,528 square feet of rentable space, this portfolio offers significant income potential. The properties, built in 1989 and 1996, are situated on a combined 4.01 acres of land (APN: Map 20, Lot 24 & 29) and are zoned for industrial use. One facility consists of three buildings, while the other comprises eight buildings, providing a diverse range of unit sizes to cater to various storage needs. The asking price for this entire portfolio is $3,500,000, translating to $82.30 per square foot and $14,767.93 per unit. Benefiting from a convenient location just off Interstate 395 and in close proximity to downtown Bangor, this portfolio is ideally positioned within the Bangor Metropolitan Statistical Area. This presents a compelling opportunity for investors seeking a well-established, high-performing self-storage investment in a thriving Maine market. The properties are currently owned by All Purpose Storage Brewer North LLC.

• CAP approach

  CAP return

  Valuation

  6%

  $5,390,514

  6.5%

  $4,975,860

  7%

  $4,620,441

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,303,058

  Geo Method

  $7,303,058

• Alternative Use

  Use

  Valuation

  Residential

  $4,197,324

  Hospitality

  $3,844,726

  Educational

  $3,198,767

  Medical

  $3,308,777

  Retail

  $4,975,860

Location Insight

City

Brewer

County

Penobscot

State

Maine

Latitude

44.7857

Longitude

-68.7623

CBSA code

12620

CBSA name

BANGOR, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].