52 Main St - Office FOR SALE


Lincoln, ME 04457
$1,100,000 USD
207-949-4688
52 Main St, Lincoln, ME for Sale
$1,100,000 USD
Office - FOR SALE
1/1
null | 8% Cap Rate

52 Main St
Lincoln, ME 04457


HIGHLIGHTS

  • 22 New Heat Pumps
  • High Traffic
  • New Siding, LED Lights, Electrical, Roof, and Flooring

OVERVIEW

Presenting a unique commercial property in the heart of Lincoln, currently home to the Lincoln Police Department and the Penobscot County Superior Courthouse. This property offers a stable and secure investment, with the courthouse as a tenant that cannot relocate without legislative approval from Augusta, ensuring long-term tenancy. The Current Owner is in negotiations to renew these leases for an additional five years, with options for further extensions, providing peace of mind and continuity for future investors. Equipped with 22 new heat pumps, ensuring energy efficiency and comfort throughout the building, completely renovated with new Siding, LED lights, Electric, Roof and new flooring in the lower and upper levels. Leasing the remaining upper-level units could generate an additional $27,000 in annual revenue, elevating the cap rate to an impressive 10%. This property represents a robust investment opportunity with existing government tenants and significant potential for increased revenue. Don't miss the chance to own a cornerstone of Lincoln's community infrastructure.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

LNCN-000137-000000-000051

ASK ABOUT THIS PROPERTY

Jenn MorinTrinity Business BrokersMore Info
207-949-4688

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Jenn MorinTrinity Business BrokersMore Info
207-949-4688

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