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0 Stillwater Avenue
Orono, ME 04473
Asking Price
$600K
Asset Type
Commercial Land
Class
Class B
What's Special
25.5 Acre Commercial Development Opportunity <p><strong>Property Highlights:</strong></p><ul><li>25.5± acres</li><li>Commercial Industrial (CI) zoning</li><li>Excellent frontage on Stillwater Avenue</li><li>High visibility location with strong traffic counts</li><li>Easy access to Interstate 95</li><li>Over $75,000 invested in clearing</li><li>Preliminary traffic and drainage review completed</li><li>Potential rezoning flexibility subject to municipal approval</li><li>Lease opportunities available</li><li>Prime location in a grow
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NOI
$80,000
Cap Rate
13.33%
DSCR
2.25
Strong
Cash-on-Cash
24.65%
Monthly Payment
$2,968.473
Annual Cash Flow
$44,378.328
