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
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Income-Producing Component: Retail/office space leased prior to close, offering in-place income from day one
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Flexible Infrastructure: Ideal for conversion to warehousing, manufacturing, self-storage, or recreational use
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Robust Systems: Valuable HVAC, electrical, plumbing, and IT infrastructure installed for high-demand operations
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Visibility & Access: 452 ft. frontage on Route 236 (15,560 VPD); quick access to I-95 and regional markets
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Undersupplied Market: Eliot and the surrounding Seacoast region continue to experience demand for light industrial space
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Total Land Area: 3.06+/- acres
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Zoning: Commercial-Industrial District - supports retail, light industrial, and service-based uses
Highest & Best Use
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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.
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As-Vacant: Flexible redevelopment options for retail, contractor yard, or small-bay industrial campus
Existing Improvements:
Retail/Office Building (Income-Producing)
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2,920 sq. ft. single-story, steel-frame retail showroom with high-quality interior finishes
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12 ft. ceilings, forced-air heating, central A/C, 5 gravel parking spaces
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Leased prior to closing - provides immediate rental income for new ownership
Industrial/Greenhouse Building
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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