1023 Washington Avenue Multi-Family Building
Office
for Sale
Also listed as Multi-Family
| Catylist Listing ID: |
30866310 |
| Property Subtypes: |
Medical, Mixed Use, Office Building, Other, General
|
| Condo? |
Yes |
| Building Size (RSF): |
3,706 SF
|
| Gross Land Area: |
0.34 Acres
|
| Sale Price: |
$1,250,000 |
| Property Use Type: |
Investment, Business |
| Building Name: |
1023 Washington Ave |
| Class of Space: |
Class A |
| Usable Size (USF): |
3,706 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/7/2024 |
Overview / Comments
|
Prominent historic property with a renovated main building and attached classic carriage house currently used for "Functional Medical Services" by the owner of the real estate. The highly visible location on a corner lot at 1023 Washington Avenue features mature trees, attractive shrubs and verdant lawn, all of which enhance the handsome building. The property consists of three condominium units owned by one owner that can be used as commercial or residential units. The flexibility offers a fabulous opportunity for a live/work or mixed-use buyer or as a multi-family property. Abundant on-site parking with two paved lots, one at the front entrance and one at the rear entrance, is a plus, as is the location which is central to Portland destinations, close to downtown and nearby highways. The property is a must see!
|
Additional Details
| Nearest MSA: |
Portland-South Portland-Biddeford |
| County: |
Cumberland |
| Taxing Authority: |
Portland |
| Tax ID/APN: |
172 H007 |
| Is Condo?: |
Yes |
| Zoning: |
RESIDENTIAL PROFESSIONAL |
| Property Located Between: |
At the corner of Washington Avenue and Lawrence Avenue |
| Property Visibility: |
Excellent |
| Highway Access: |
Interstate 295 and Turnpike Exits. |
| Airports: |
Portland International Jetport. |
| Site Description: |
Beautiful grounds and two paved parking lots.
|
| Area Description: |
A suburban, neighborhood atmosphere which is a combination of commercial properties and nice residential homes. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Year Built: |
1905 |
| Year Renovated: |
2018 |
| Roof Type: |
Other |
| Construction/Siding: |
Wood Frame |
| Exterior Description: |
Wood and vinyl clapboard siding with asphalt shingles and a foundation of stone, brick and concrete. |
| Parking Type: |
Surface |
| Parking Description: |
Two paved lots. One at the front entrance and one at the rear entrance. |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas, Other |
| Heat Source: |
Baseboard, Heat Pump |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Interior Description: |
The layout consists of six treatment rooms, which could be used as offices, additional office spaces, staff kitchen, third floor loft, second floor balcony, open spaces for yoga and the gym. Natural gas fired forced hot water baseboard heat throughout the building and eight mini-splits provide air conditioning. |
| Zoning Description: |
Residence Professional |
| Lot Frontage: |
117' |
| Lot Depth: |
125+/- |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Farmhouse Condominiums |
| Legal Description: |
Book 34796, Page 246, 247, 248 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,526 |
72,245 |
115,521 |
| Median Age: |
42.23 |
37.86 |
39.05 |
| Households: |
5,345 |
33,172 |
51,890 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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