882-888 KMD! Prime piece of property on Kennedy Memorial Drive in Oakland with high visibility and only .7 miles from the I-95 Waterville exit. This large lot has four separate buildings on it which are being rented out, 5 tenants in all. Features lots of road frontage and plenty of paved parking. Lot size noted is per Town of Oakland tax information & square footage is approximate for multiple buildings.
This modern barn venue is located in a gorgeous central Maine setting. Beautiful grounds include a fountain, hardscaping, and lovely gardens. This venue has an upscale finish with rustic flair. Generous parking. High ceilings give a spacious feel to the 7,200 sq ft main floor. Next to the main floor is an additional space that includes a kitchen area with commercial fridges, a bar area, and multiple bathrooms including a handicap accessible bathroom. Upstairs is a room that was used for a bridal suite, but it could be used as a conference space as well. Outdoor seating under pergolas and garden lights. Beautiful setting for photographs. Seperate garage and mobile home for storage. Generator on site.
Looking for an investment property with good positive cash flow? Being sold at an impressive 8.5% cap rate! Modified Gross Income of $59,280 and $22,659 in expenses. How about a highly visible (4,800 daily traffic count) space to open or expand your own business? You will want to see this Commercial Building with Residential income as well. First Floor features 4 commercial spaces while the second and third floor have spacious residential units. One residential unit has 4 bedrooms and 2 bathrooms, the other has 2 bedroom and one bath, each unit has its own laundry hook up. New boilers in 2019, new heat pumps for the residential units in 2023. Lots of electrical and cosmetic updates over the past 3 years.
Many commercial opportunities to explore with this property. High traffic count, paved parking lot with plenty of parking space, 1600 square foot steel frame building, 0.77 acre property, and less than a half mile from the interstate!
The median home value in Oakland, ME is $352,500. This is higher than the county median home value of $274,300. The national median home value is $338,100. The average price of homes sold in Oakland, ME is $352,500. Approximately 69.19% of Oakland homes are owned, compared to 9.36% rented, while 21.45% are vacant. Oakland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oakland real estate agent to arrange a tour today!
Oakland, Maine has a population of 6,210. Oakland is more family-centric than the surrounding county with 30.11% of the households containing married families with children. The county average for households married with children is 24.69%.
The median household income in Oakland, Maine is $75,529. The median household income for the surrounding county is $58,097 compared to the national median of $69,021. The median age of people living in Oakland is 44.5 years.
The average high temperature in July is 79.2 degrees, with an average low temperature in January of 7.4 degrees. The average rainfall is approximately 43.6 inches per year, with 73.3 inches of snow per year.