133 Gray Road

About this home

Located in Falmouth's versatile Village Mixed Use district, this well-maintained commercial property is a great investment opportunity with immediate income and future flexibility. Just minutes from retail amenities, and dining, easy access to I-95, the Falmouth Spur, and Portland, this location is ideal for business success. The building is currently leased to five office tenants as well as a pilates studio, creating a stable and diverse revenue stream. Originally built in 1910, the building features classic architectural charm and period details throughout, creating a unique and inviting environment for tenants, clients or your own business. The flexible layout spans approximately 2,176 sqft across two levels allowing for a variety of uses. The 1 acre lot is enhanced by a wrap-around driveway, ample on-site parking, water frontage on the Piscataqua River and excellent visibility, making it extremely accessible for customers or tenants. Village Mixed Use zoning allows for a wide range of permitted uses, making this an ideal opportunity for someone seeking a home for their own business or for income today through continued office use, or future redevelopment/repositioning opportunities, residential conversion, or expansion (subject to local approvals). Recently renovated with heat pumps, refinished hardwood floors and fresh paint, this property is worth a look!