2 Unit Building and Development Parcel on Route One

Office for Sale
Catylist Listing ID: 30588124
Property Subtypes: Mixed Use
Building Size (RSF): 4,373 SF
Gross Land Area: 1.11 Acres
Sale Price: $685,000
Unit Price: $156.64 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User
Building Name: Candelore Medical Building
Class of Space: Class D
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/11/2021

Overview / Comments

2 Unit Building on 1.10 acres fronting Route One in Scarborough.
GREAT PARKING: 30 to 50 Car Parking.
Two curb cuts to Route One.
Busy Dunstan Corner Location.
Level Lot.

This older building has a medical office on the first floor with a HIPA reception area, conference room, ADA Bathroom and Exam Rooms. The upstairs contains an apartment that needs to be updated. Fantastic location for anyone operating a fleet of trucks or cars. Excellent Development Site.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $6,000 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Scarborough
Tax ID/APN: Vision ID 3298
Zoning: TVC
Property Located Between: Dunstan Corner and the Saco Line
Property Visibility: Good
Highway Access: 6 Minutes to Haigis Parkway, the I-95 Connector
Site Description: Large level lot with building in one corner. Two curb cuts on Route One
Area Description: Dunstan Corner
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,300 SF
Year Built: 1907
Year Renovated: 1980
Roof Type: Arched
Construction/Siding: Brick/Vinyl Siding
Parking Ratio: 10 (per 1000 SF)
Parking Type: Surface
Parking Description: 20 paved parking spots on a level, open lawn that can accommodate another 30 vehicles.
Total Parking Spaces: 50
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Medical office on the first floor.
Zoning Description: TVC
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Sidewalk Easement

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,551 49,061
Median Age: 44.7 42.59
Households: 5,138 20,746

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