784 Acadia HwyMontville, ME 04941

Property Details for 784 Acadia Hwy

Lot size

1.90 AC

Property size (Sq ft)

1,662 SF

Property type

Retail properties

Property subtype

Banks

APN

MNTV M:45 L:15.1

APU

MNTVM45L151

Description

This exceptional 1,662 square foot mixed-use building presents a unique investment opportunity in Montville, ME. Strategically located on busy Route 3, between Belfast and Augusta, this property boasts high visibility and convenient access. Currently operating as a thriving combination pizza shop, bakery, and small grocery store, the building offers significant income potential. The expansive commercial kitchen is equipped with a commercial hood, a dedicated bakery room, an ice cream room, and ample commercial coolers. Adding to the revenue stream are two apartments situated on the upper level, one recently renovated and one brand new, with potential for a third unit on the main level. The property sits on a 1.5-acre lot providing a large parking area for customers and residents. This turnkey operation offers a rare blend of established businesses and rental income, making it an ideal investment for a savvy entrepreneur or investor seeking a diversified portfolio. The building's recent renovations ensure immediate occupancy and minimal upfront investment. The high-traffic location and diverse revenue streams make this property a truly exceptional opportunity. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $403,924

  6.5%

  $372,853

  7%

  $346,221

• Comparable approach

  Method

  Valuation

  Relative Method

  $547,235

  Geo Method

  $547,235

• Alternative Use

  Use

  Valuation

  Residential

  $314,515

  Hospitality

  $288,094

  Educational

  $239,691

  Medical

  $247,935

  Retail

  $372,853

Location Insight

City

Montville

County

Waldo

State

Maine

Latitude

44.4059

Longitude

-69.3193

Property Tax & Assessments

FAQs

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