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23217939
23217946

60 Mill St, Corinna, ME 04928

JG
ME 080709
KA
2013003740
SVN | Wilson Commercial Group, LLC
Listed by SVN | Wilson Commercial Group, LLC
$649,000
399 days on market
Updated 101 days ago

MidMaine Storage Solutions

Details
Property Type Self Storage
Square Footage 21,541
Units 136
Cap Rate 5.2%
NOI $33,730
Occupancy 70%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 17.41%
Pro-Forma NOI $113,000
Class C
Year Built 1900
Acreage 4.400
Investment Type Value Add

21,000 SF on 4 Acres Plus Additional SF for Creative Use: Brewery, Bed and Breadfast, Grow Facility

Marketing description

Mid Maine Storage Solutions presents a compelling investment opportunity in the heart of Corinna, Maine with 21,541 SF spread across four purpose-built structures, complemented by even more SF within an historic mill building for Conversion offering a mix of flex space, interior parking, and supplemental storage for creative use (brewery, bed and break fast, etc ), plus additional acreage for expansion. Strategically located in downtown Corinna, behind Dollar General, the facility enjoys year-round access, bolstered by its close proximity to the Newport/Dover-Foxcroft rail line and steady traffic from snowmobile and ATV enthusiasts. This prime location enhances accessibility and long-term demand. Currently operating at approximately 70% occupancy on storage units, the property generates strong baseline income with significant upside potential. Opportunities exist to increase net operating income through maximizing both physical and economic occupancy. The expansive lot also supports potential future development, while the adaptable mill building opens the door to a variety of value-add conversions—ranging from additional storage units to workspace or other income-generating uses.

Investment highlights

  • 3 Mile Radius- 7.90 SF Per Capita
  • Office Space
  • Remotely operated
  • Ancillary income opportunities-Tenant Protection Program, expansion possibilities per town approval
  • Centrally located to retail shops- Dollar General, grocery stores and schools

Listing Contacts

JG
ME 080709
KA
2013003740
SVN | Wilson Commercial Group, LLC
Listed by SVN | Wilson Commercial Group, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$33,730.00
$2,810.83/mo

Valuation Metrics

0
DSCR
5.2%
Cap Rate
5.2%
ROI

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Additional Information

Name
Jessie Gilton
License
080709
Title
Commercial Real Estate Advisor
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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