157 BroadwayLincoln, ME 04457

Property Details for 157 Broadway

Lot size

0.86 AC

Zone code

DOWNTO

Property type

Retail properties

Property subtype

Retail space

APN

LNCN M:135 L:005

APU

LNCNM135L005

Description

This exceptional 6,040 square foot retail property is situated on 0.86 acres at 157 W Broadway in Lincoln, ME. Its prime location on a busy main road ensures maximum visibility and accessibility, making it ideal for a variety of businesses. The expansive showroom boasts a large, open-concept design with abundant natural light, perfect for showcasing products and creating a welcoming atmosphere. The versatile layout offers ample space for retail displays, offices, storage, or any combination to suit specific business needs. Generous on-site parking is available for both staff and customers, ensuring convenience and ease of access. This property presents a rare opportunity to establish or expand a business in a thriving community. Lincoln's strategic location and growing population provide a strong foundation for commercial success. The property's combination of functionality, location, and visibility makes it an attractive investment for entrepreneurs and established businesses seeking a prominent presence in a desirable area. The asking price is $349,000.

• CAP approach

  CAP return

  Valuation

  6%

  $9,104,574

  6.5%

  $8,404,222

  7%

  $7,803,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,334,858

  Geo Method

  $12,334,858

• Alternative Use

  Use

  Valuation

  Residential

  $7,089,276

  Hospitality

  $6,493,738

  Educational

  $5,402,714

  Medical

  $5,588,522

  Retail

  $8,404,222

Location Insight

City

Lincoln

County

Penobscot

State

Maine

Latitude

45.3617

Longitude

-68.52

CBSA code

12620

CBSA name

BANGOR, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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