2-Bldg Office/Retail Complex For Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30381675
Property Subtypes: Mixed Use, Office Building, Other
Building Size (RSF): 5,702 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $1,175,000
Unit Price: $206.07 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments

This two building complex consists of a 3,516± SF (plus additional 903± SF unfinished space), multi-level retail/office building and a 2,186± sf, single-story retail building

Located at the intersection of Pillsbury Street and Cottage Road in South Portland

Excellent visibility with over 11,790± cars/day (MDOT)

Ideal owner/user opportunity

Sale Price: $1,175,000

Lease Rate: $15.00/SF NNN

Attachments & Media


Finance Data Year 2019
Real Estate Taxes - Annual($) $13,884 (Annual)
Assessed Value - Total($) $750,500 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 10, Lot 48
Zoning: LB
Property Located Between: Intersection of Pillsbury Street and Cottage Road
Property Visibility: Excellent
Highway Access: I-295
Airports: Portland International Jetport
Total Number of Buildings: 2
Construction/Siding: Brick, Concrete, Stone, Wood Frame
Parking Type: Surface
Parking Description: Additional street parking available
Zoning Description: Limited Business
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,053 59,227 100,836
Median Age: 42.95 38.06 39.1
Households: 4,667 28,164 45,494


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