25 Douglas HwyLamoine, ME 04605

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

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.

• 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

Location Insight

City

Lamoine

County

Hancock

State

Maine

Latitude

44.5257

Longitude

-68.3887

Property Tax & Assessments

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