60 Downeast HwyEllsworth, ME 04605

Property Details for 60 Downeast Hwy

Year built

2009

Lot size

1.31 AC

Property size (Sq ft)

14,112 SF

Zone code

CTDD

Property type

Retail properties

APN

ELLH M:022 B:005 L:001 U:000

APU

ELLHM022B005L001U000

Description

This exceptional 14,500 square foot Class B retail property, built in 2009, offers a single-tenant occupancy opportunity. The space comprises 7,200 square feet of readily available space, perfectly suited for a variety of retail uses. The layout includes a spacious 5,000 square foot showroom area and a 2,200 square foot storage area, complemented by a convenient loading dock. The property boasts excellent visibility and accessibility, situated on Route One with a significant traffic count of 17,910 AADT (2023), ensuring high exposure for your business. Pylon signage is available, further enhancing your brand's visibility. The building features a total of 25 parking spaces for customer and employee convenience. The property is zoned CTDD and sits on a single-story building with a total of 14,500 square feet. The lease rate is $12.00 per square foot, NNN. The APN is 6920/1. This is an ideal location for businesses seeking high traffic exposure and ample space for operations and storage. Don't miss this opportunity to establish your presence in a thriving retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,429,709

  6.5%

  $3,165,885

  7%

  $2,939,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,646,562

  Geo Method

  $4,646,562

• Alternative Use

  Use

  Valuation

  Residential

  $2,670,542

  Hospitality

  $2,446,202

  Educational

  $2,035,212

  Medical

  $2,105,206

  Retail

  $3,165,885

Location Insight

City

Ellsworth

County

Hancock

State

Maine

Latitude

44.5306

Longitude

-68.3996

Property Tax & Assessments

FAQs

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