Palermo ME Commercial for Sale
$1,200,000
1900 Route 3 Palermo, ME 04354
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Courtesy: Legacy Properties Sotheby's International Realty
207-563-2775
ADDITIONAL INFORMATION
Discover a rare and lucrative commercial real estate opportunity with this turnkey manufacturing business located near Central Maine. The business has an impressive average annual sales figure exceeding $2.5 million and a strong yearly EBITA. This offering includes an established business with solid vendor and supplier relationships, an existing customer base, and a great location, and the business comes on an almost 10-acre lot along a major route. The property features a versatile large steel building, office space, and just under 6000 square feet of manufacturing area, complete with essential sawmill machinery. Engage in the production of high-demand finished products and benefit from the creation of five valuable byproducts. With five overhead doors, the property has the capacity for high production levels and the potential for further sales growth. The experienced workforce ensures a smooth transition, and the expansive land offers opportunities for diversification, allowing for the operation of additional businesses. There is a current inventory of approximately $500,000.
Palermo Real Estate
The median home value in Palermo, ME is $410,000. This is higher than the county median home value of $296,200. The national median home value is $338,100. The average price of homes sold in Palermo, ME is $410,000. Approximately 58.96% of Palermo homes are owned, compared to 2.9% rented, while 38.14% are vacant. Palermo 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 Palermo real estate agent to arrange a tour today!
Palermo, Maine has a population of 1,483. Palermo is more family-centric than the surrounding county with 37.83% of the households containing married families with children. The county average for households married with children is 23.46%.
The median household income in Palermo, Maine is $77,333. The median household income for the surrounding county is $59,880 compared to the national median of $69,021. The median age of people living in Palermo is 45.3 years.
Palermo Weather
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 9.4 degrees. The average rainfall is approximately 47.1 inches per year, with 72.3 inches of snow per year.