Income-Producing Indoor Grow, Lt. Ind., Retail Property Eliot, ME

Property Location MAP

495 Harold L. Dow Highway
Eliot, ME 03903

Property #: AP25062

Preview Times


Please call to schedule an appointment or attend one of the previews listed below.
Fri. 5/30 @ 1:00PM ET
Fri. 6/13 @ 10:00AM ET

Contact Agent

Mike Carey
Tranzon Auction Properties

207-776-1936 mcarey@tranzon.com
495 Harold L. Dow Highway in Eliot, Maine presents a rare opportunity to acquire a flexible light industrial and retail asset with immediate income in place. The property features a 2,920+/- sq. ft. retail/office building - leased prior to closing - and a 32,832+/- sq. ft. former indoor grow facility equipped with robust HVAC, lighting, and electrical infrastructure. Set on 3.06± acres, the site offers excellent visibility, convenient access to I-95, and strong potential for a range of industrial, warehousing, recreational, or redevelopment uses.
 
Key Highlights
  • Income-Producing Component: Retail/office space leased prior to close, offering in-place income from day one
  • Flexible Infrastructure: Ideal for conversion to warehousing, manufacturing, self-storage, or recreational use
  • Robust Systems: Valuable HVAC, electrical, plumbing, and IT infrastructure installed for high-demand operations
  • Visibility & Access: 452 ft. frontage on Route 236 (15,560 VPD); quick access to I-95 and regional markets
  • Undersupplied Market: Eliot and the surrounding Seacoast region continue to experience demand for light industrial space
  • Total Land Area: 3.06+/- acres 
  • Zoning: Commercial-Industrial District - supports retail, light industrial, and service-based uses
 
Highest & Best Use
  • As-Improved: Mixed-use investment with stabilized retail lease and adaptable industrial component for continued cannabis grow, other indoor agricultural grow, greenhouse complex, light industrial use, sports complex, self storage, fitness center, indoor racket sports (tennis/pickle ball), and many more.   
  • As-Vacant: Flexible redevelopment options for retail, contractor yard, or small-bay industrial campus
 
Existing Improvements:
Retail/Office Building (Income-Producing)
  • 2,920 sq. ft. single-story, steel-frame retail showroom with high-quality interior finishes
  • 12 ft. ceilings, forced-air heating, central A/C, 5 gravel parking spaces
  • Leased prior to closing - provides immediate rental income for new ownership
 
Industrial/Greenhouse Building
  • 32,832 sq. ft. single-story fire-proof steel-frame greenhouse formerly used for cannabis cultivation
 
Michael B. Carey | ME AUC Lic. 1466 | ME RE Lic. #DB919594

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Mike Carey

Mike Carey: Tranzon Auction Properties

207-776-1936 mcarey@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyer's Premium based on the high bid.
  • Closing: 45-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: $5,000, in certified funds (wire, Earnnest or check), at registration, as qualification to bid. Deposit to be increased to equal ten percent (10%) of purchase price (high bid + buyer's premium) within five (5) days of auction end.
  • Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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