4 Highland Avenue
Office
for Sale
Also listed as Special Purpose
| Catylist Listing ID: |
30588979 |
| Property Subtypes: |
Business Park, Office Building
|
| Building Size (RSF): |
4,255 SF
|
| Gross Building Area: |
5,608 SF |
| Gross Land Area: |
0.97 Acres
|
| Sale Price: |
$825,000 |
| Unit Price: |
$193.89 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Usable Size (USF): |
4,225 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/25/2023 |
Overview / Comments
|
Warm and inviting office space in a beautifully renovated 1750 Colonial in excellent condition - ready to move in. Renovated over the past 14 years by the current owner/user and used for use professional engineering office space. The property is located in Scarborough's TVC3 Zone which allows additional development on the lot, such as up to 20 residential units, barn for functions, tavern, restaurant, day care, adult day care, business services, nursery school or places of worship. Contact Broker for floor plans, plans for development scenarios and Property Improvement List.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$6,166 (Annual) |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Taxing Authority: |
Town of Scarborough |
| Tax ID/APN: |
Map R081 Lot16 |
| Zoning: |
TVC3 |
| Property Located Between: |
Blackpoint Road - on the way to Prouts Neck, and Highland Avenue - on the way to and Cape Elizabeth |
| Property Visibility: |
Excellent |
| Highway Access: |
Connects by Blackpoint Road to US Route 1, Scarborough at Oak Hill, which connects to I-295, and the Maine Turnpike via Haigis Parkway. |
| Airports: |
Portland International Jetport. |
| Site Description: |
Flat site with fabulous development potential for an additional structure or for expansion of the existing building and expansion or parking. |
| Area Description: |
A high-end residential area populated with fine homes and abundant recreation areas that include beaches and a private golf and tennis club. An area of strong demographics. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Year Built: |
1750 |
| Year Renovated: |
2006 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
Classic Colonial with clean lines and historic features. Post and Beam construction. Renovated starting in 2006 when purchased by the current owner and continuing to 2019. Beautiful grounds with verdant lawn and historic apple trees. |
| Parking Type: |
Surface |
| Parking Description: |
Paved parking at the door, surface parking at the side. Parking plan for expansion of parking has been approved by the Town of Scarborough. Additional parking may be developed in the development area to the rear of the property. |
| Sprinklers: |
None |
| Heat Type: |
Propane, Other |
| Heat Source: |
Other |
| Air Conditioning: |
Window Unit |
| Internet Access: |
Cable |
| Interior Description: |
Beautifully appointed with Hearthstone propane-fired sealed, thermostatically sealed fireplaces placed in historic fireplaces, includes original antique molding and stunning original wide pine flooring and Brazilian Cherry throughout. |
| Zoning Description: |
TVC3 |
| Lot Frontage: |
326' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Ingress/Egress |
| Easements Description: |
Easement at the side of the property that allows access to property behind the neighboring property, the easement could serve as a entrance to the developed area or expansion area. |
| Land Ownership: |
Owned. |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
20,026 |
62,240 |
| Median Age: |
44.83 |
42.72 |
| Households: |
8,262 |
27,226 |
|
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