705 Maine Ave - Multi-Family FOR SALE


Farmingdale, ME 04344
$425,000 USD
207-623-1123
705 Maine Ave, Farmingdale, ME for Sale
$425,000 USD
Multi-Family - FOR SALE
1/22
null | Request Cap Rate

705 Maine Ave
Farmingdale, ME 04344


HIGHLIGHTS

  • The main building (705 Maine Ave) is a 3 bedroom 1 bath home.
  • The rear building (707 Maine Ave), is currently set up as an apartment with 1 bedroom and 1 bath.
  • Abuts the Kennebec River Rail Trail

OVERVIEW

Opportunities like this are increasingly rare on Maine Avenue. Situated on 5 elevated acres overlooking the Kennebec River, this property features two buildings and exceptional flexibility for commercial, mixed-use, or residential investment. The rear structure (707 Maine Ave) is currently configured as a 1-bedroom, 1-bath apartment and can be adapted for a variety of uses—including office space, a rental unit, or conversion into a two-car garage with workspace or commercial space above. The main building (705 Maine Ave) offers a 3-bedroom, 1-bath layout that could serve as office headquarters, staff housing, or redevelopment into a commercial or multi-unit income property. The expansive grounds include a large open yard with direct access to the Kennebec River Rail Trail, a popular walking and biking route that links Augusta to Gardiner—an attractive amenity for employees, tenants, or customers. With high visibility, ample land, and multiple structures, this property is ideal for commercial operations, a multi-family investment, or an owner-user seeking on-site workspace with additional rental income potential.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

2

PRICE/UNIT

$212,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

James PepinSprague & Curtis Real EstateMore Info
207-623-1123

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James PepinSprague & Curtis Real EstateMore Info
207-623-1123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.