48 Blackswoods RoadFranklin, ME 04634Sale Price: $120,000

The Franklin Post Office has been a community icon for nearly 50 years, built in 1978, and owned by the same family since that time. Here is your opportunity to own a solid building on an acre of land with ample paved parking. The US Postal Service has leased this building since its inception in 1978, which is why it was originally built. Leases are generally for five year terms, and have been renewed repeatedly over the last 46 years. Franklin is a prosperous and beautiful village, just 10 miles from the larger full-service city of Ellsworth. The building is approximately 768 sf. The front of the office has your typical postal counter with attendant and P.O. Boxes. The rear of the building contains a bathroom and ample space that is currently used for mail storage and sorting, with area for at least one desk. Per the lease agreement, the US Postal Service is responsible for paying electric and fuel costs, water, snow removal, and trash pick-up. Town water and private septic system are in place. Owner is responsible for insurance which has been running approximately $870/year recently. Current annual lease is for $9,677 per year, running from 2022 until Jan 31, 2027. The US Postal Service is obviously a very reliable lessee, so further lease extensions are fully expected for many years to come. A copy of the current lease is available upon request. The storage shed in the back is owned by the Postal Service and does not convey with the purchase.