Premier Redevelopment / For Sale

Industrial for Sale
Sale Pending
Catylist Listing ID: 30792657
Property Subtypes: Flex Space, Mixed Use, Other
Status: Pending
Building Size (RSF): 6,112 SF
Gross Building Area: See Agent
Gross Land Area: 1.03 Acres
Sale Price: $4,450,000
Unit Price: $728.08 PSF
Ceiling: 15 ft. / 14 ft. Clear
Docks/Doors: 99 Docks, 4 Doors
Drive In Bays: 4 Bays
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2024

Overview / Comments

HIGHLY VISIBLE 1.03+/- AC LOT FOR REDEVELOPMENT

5,160+/- SF flex building and 952+/- SF office building

Great visibility from I-295 with traffic counts of 23,000+/- cars/day

Located at the gateway to downtown Portland and developing Bayside area off of Franklin Arterial

One of the last redevelopment opportunities with visibility and accessibility in Portland

Lot has been compacted down with over 6’ of gravel added

VIP transportation business is not included in this sale

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_024 A001
Zoning: ILB
Highway Access: I-295 and I-95
Airports: Portland International Jetport
Tenancy: Single Tenant
Total Number of Buildings: 2
Year Built: 1979
Lot Frontage: 127, 215, 102
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,352 76,982 111,996
Median Age: 33.02 37.99 39.23
Households: 11,096 35,907 50,350
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