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Route 1 Midcoast Commercial Building and Land US Route 1 Atlantic Highway

19,124 SF 100% Leased Flex Building Edgecomb, ME 04556 $2,750,000 ($144/SF)

Investment Highlights

  • Multi use buildings with room for expansion
  • Open plan with radiant floor second level.
  • High visibility corner lot on coastal Route 1 with access from main road and side road

Executive Summary

A rare property w/endless opportunity; 930' of road frontage on US Route 1 plus an additional 508' on Dodge Road located between Wiscasset and Damariscotta at the head of the Boothbay Peninsula. Listing is for 10 acres and buildings only. Zoning in the Commercial Growth District. The main commercial building is an oversized 90x 108 three-story barn. The building has been completely renovated with steel beams and concrete radiant heat on the first and second floors, newer roof, and three phase power from Route 1. New LED lighting installed December 2024 on second floor shop and office space. The building consists of office space and the current service area operates as a custom body auto/motorcycle shop, parts, sales. The second building is a two-story house that has two commercial rentals on the first floor with a second-floor apartment. A third smaller 20x20 garage is behind the main building. See list of uses attached- Mixed use commercial and residential potential in a growing area. Planning Board or CEO approval may be needed. Additional 6.5+acres available. The City of Wiscasset has plans available and is in the process of approvals for public water to be available along the Rte 1 corridor.

Property Facts

Price $2,750,000
Price Per SF $144
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Light Manufacturing
  • General Retail Auto Repair
  • Industrial Manufacturing
  • FlexLight Distribution
Building Class B
Lot Size 10.00 AC
Rentable Building Area 19,124 SF
No. Stories 3
Year Built/Renovated 1940/2018

Amenities

  • Fenced Lot
  • Security System
  • Signage
  • Wheelchair Accessible
  • Yard
  • Storage Space
  • Smoke Detector

zoning

Zoning Code Commercial Growth (The Commercial Growth District encourages the use of side roads as service roads, while its function mixes commercial and residential uses.)
Commercial Growth (The Commercial Growth District encourages the use of side roads as service roads, while its function mixes commercial and residential uses.)
  • Listing ID: 33500438

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: US Route 1 Atlantic Highway, Edgecomb, ME 04556

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