185 Townsend AveBoothbay Harbor, ME 04538

Property Details for 185 Townsend Ave

Year built

1972

Lot size

5.04 AC

Property size (Sq ft)

44,120 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

BOOH M:022 L:017

APU

BOOHM022L017

Description

This exceptional flex space, located at 185 Townsend Avenue in Boothbay Harbor, Maine, offers 3,790 square feet of vacant space within a larger 47,161 square foot building. Situated in the Meadow Mall, a cornerstone of this popular Maine vacation destination since 1972, this property boasts excellent visibility and accessibility at the crossroads of Route 27 and Route 97. The space itself features a large open area ideal for various uses, complemented by convenient storage space, a kitchen, and a single bathroom. The building, constructed in 1972, offers a 14-foot ceiling height and ample on-site parking. The property is zoned for General Business Commercial (GB) use within Lincoln County and has a 599± foot frontage. This multi-tenant building presents a unique opportunity for businesses seeking a versatile space in a high-traffic location. The available space is adaptable to a range of commercial needs, from retail to light industrial uses, making it an attractive option for entrepreneurs and established businesses alike. The property's location within the Meadow Mall provides immediate access to existing retail infrastructure and a built-in customer base. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Maine coastal community. The total building comprises one suite.

• CAP approach

  CAP return

  Valuation

  6%

  $10,722,700

  6.5%

  $9,897,877

  7%

  $9,190,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,527,092

  Geo Method

  $14,527,092

• Alternative Use

  Use

  Valuation

  Residential

  $8,349,230

  Hospitality

  $7,647,850

  Educational

  $6,362,921

  Medical

  $6,581,752

  Retail

  $9,897,877

Location Insight

City

Boothbay Harbor

County

Lincoln

State

Maine

Latitude

43.861

Longitude

-69.6259

Property Tax & Assessments

FAQs

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