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Listed by Trinity Business Brokers
$ 1,100,000
New
52 Main ST Lincoln, ME 04457
13,000 SqFt
UPDATED:
03/11/2025 07:33 PM
Key Details
Property Type Commercial Sale
Sub Type General Commercial
Listing Status Active
Square Footage 13,000 sqft
MLS Listing ID 1615868
HOA Y/N No
Originating Board Maine Listings
Year Built 1977
Annual Tax Amount $10,792
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type General Commercial
Property Description
Discover a rare chance to own a prime piece of commercial real estate in the heart of downtown Lincoln. This well-located property is currently home to two solid tenants: the Lincoln Police Department and the Lincoln District Courthouse. With the courthouse's location secured by legislative approval, this property offers stability and long-term investment potential.
The Lincoln Police Department and Lincoln District Courthouse provide reliable income streams, with existing leases already negotiated for rent increases starting January 2026. The projected Net Operating Income (NOI) for 2026 is estimated at $104,000, reflecting a robust 10% cap rate. Currently, the property boasts a cap rate of 7%, with an NOI of $81,050. This solid performance underscores the property's appeal as a sound investment.
Additionally, the upper level of the building presents an exciting opportunity for further income generation. If only 50% of the upstairs is leased at $12 per square foot, the NOI could reach $126,000, resulting in an impressive 12% cap rate.
This property has been meticulously renovated in 2020, featuring a new roof, 22 heat pumps, and new flooring throughout. With zero deferred maintenance, it's ready for a new owner to step in and enjoy the benefits without the hassle of immediate repairs.
Contact us today to learn more and schedule a viewing!
The Lincoln Police Department and Lincoln District Courthouse provide reliable income streams, with existing leases already negotiated for rent increases starting January 2026. The projected Net Operating Income (NOI) for 2026 is estimated at $104,000, reflecting a robust 10% cap rate. Currently, the property boasts a cap rate of 7%, with an NOI of $81,050. This solid performance underscores the property's appeal as a sound investment.
Additionally, the upper level of the building presents an exciting opportunity for further income generation. If only 50% of the upstairs is leased at $12 per square foot, the NOI could reach $126,000, resulting in an impressive 12% cap rate.
This property has been meticulously renovated in 2020, featuring a new roof, 22 heat pumps, and new flooring throughout. With zero deferred maintenance, it's ready for a new owner to step in and enjoy the benefits without the hassle of immediate repairs.
Contact us today to learn more and schedule a viewing!
Location
State ME
County Penobscot
Zoning C-1
Rooms
Basement Full
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Vinyl, Concrete
Exterior
Parking Features 11 - 20 Spaces, Off Street
Utilities Available 1
View Y/N No
Roof Type Composition
Building
Building Description Vinyl Siding,Other, Fire System
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Other
Others
Restrictions Unknown
