56 Elm StCamden, ME 04843

Property Details for 56 Elm St

Year built

1876

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

9,440 SF

Property type

Investment properties

Property subtype

Live-work space

APN

CAMD M:119 B:142 L:000 U:000

APU

CAMDM119B142L000U000

Description

This versatile commercial space at 56 Elm Street in downtown Camden, Maine (zip code 04843) offers 1,200 square feet of recently updated office space, ideal for a variety of uses. Currently configured as a traditional office, it features a welcoming lobby, a convenient copy room, a professional conference room, two private offices, a full bathroom, and a practical kitchenette. A modern heat pump system ensures efficient climate control throughout the space. The property benefits from its excellent location next to a Montessori school, providing convenient access and high visibility. Street parking is readily available. The owner is open to customizing the layout to meet the specific needs of the right tenant, making it suitable for traditional office, coworking, medical office, creative office, executive office, or even build-to-suit opportunities. This single-tenancy property presents a unique opportunity in the vibrant downtown Camden area. The property is easily accessible and offers a high-quality space in a desirable location. Contact us today to learn more about this exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,560,714

  6.5%

  $1,440,659

  7%

  $1,337,755

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,233,430

  Geo Method

  $1,233,430

• Alternative Use

  Use

  Valuation

  Residential

  $1,786,417

  Hospitality

  $1,636,349

  Educational

  $1,361,423

  Medical

  $1,408,244

  Retail

  $2,117,769

Location Insight

City

Camden

County

Knox

State

Maine

Latitude

44.2079

Longitude

-69.0668

CBSA code

40500

CBSA name

ROCKLAND, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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