Retail Investment Opportunity

Shopping Center for Sale
Catylist Listing ID: 30331541
Property Subtypes: Strip Center
Building Size (RSF): 8,605 SF
Gross Building Area: See Agent
Gross Land Area: 1.22 Acres
Sale Price: $3,550,000
Unit Price: $412.55 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/17/2019

Overview / Comments

A newly constructed, 8,600+/-SF multi-tenanted investment property for
sale located along busy Center Street (ME Route 4) at the corner of
West Dartmouth Street. This four-tenant, high-end retail strip center is
currently anchored by Krispy Kreme Doughnuts and Firehouse Subs with
Cricket Wireless and a single vacant 1,835 SF unit rounding out the
plaza. Currently the plaza is 78.7% occupied. This property benefits from
good access to major highways and the surrounding amenities of the
twin-cities of Lewiston and Auburn. Center Street experiences high traffic
of upwards of 24,000 vpd and is a heavily-commercialized thoroughfare
populated with numerous national chain restaurants, branch banks, auto
dealerships, fitness-related chains and various regional and local
retailers. Strong long-term tenants are in place, making for a perfect
property for acquisition by an owner-user or passive investor alike!

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: 01010_271-050
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,107 46,096 58,132
Median Age: 31.68 37.37 38.17
Households: 3,295 19,733 24,609


Photograph of Listing Agent

Judy Niles-Simmons

NAI Norwood Group NECPE Member
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