25 Douglas HwyLamoine, ME 04605

  • Retail properties
  • 7,800 SF
For Sale
$575,000 View listing

Property Details for 25 Douglas Hwy

Year built
1989
Lot size
2.57 AC
Property size (Sq ft)
7,800 SF
Zone code
CDD
Property type
Retail properties
Property subtype
Other retail properties
APN
ELLH M:016 B:035 L:000 U:000
APU
ELLHM016B035L000U000

Description

This exceptional 10,700 square foot commercial building is situated on a generous 2.57-acre lot in Lamoine, ME, at 25 Douglas Highway. Its prime location offers easy access to major shopping areas, ensuring high visibility and convenient access for customers and employees. The property is ideal for a variety of commercial uses, offering a flexible and adaptable layout. The ground floor boasts 7,800 square feet of versatile space, including ten individual offices, perfect for a multi-tenant operation or a large company requiring multiple departments. A substantial 40' x 40' showroom/retail space provides ample room for product display and customer interaction. Three bathrooms cater to the needs of both employees and clients. A large 35' x 40' warehouse and storage area offers significant capacity for inventory or equipment, complemented by several additional utility rooms for various operational needs. Upstairs, an additional 2,600 square feet of space provides further opportunities. This area features a large open area measuring 30' x 35', suitable for a variety of uses, including additional office space, a production area, or a break room. A large file storage room ensures efficient document management, and a dedicated conference room provides a professional setting for meetings and presentations. The property is offered at $575,000 and presents a compelling investment opportunity for businesses seeking a well-equipped and strategically located commercial space. The combination of ample space, versatile layout, and convenient location makes this property a truly exceptional offering.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,895,672
    6.5%
    $1,749,851
    7%
    $1,624,862
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,568,253
    Geo Method
    $2,568,253
  • Alternative Use

    Use
    Valuation
    Residential
    $1,476,065
    Hospitality
    $1,352,068
    Educational
    $1,124,904
    Medical
    $1,163,592
    Retail
    $1,749,851
25 Douglas Hwy, Lamoine, Maine

Location Insight

City
Lamoine
County
Hancock
State
Maine
Latitude
44.5257
Longitude
-68.3887

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,973
$112,560
$463,890
$576,450
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-
-
-

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