High Visibility Mixed-Use Building
Multi-Family
for Sale
| Catylist Listing ID: |
30869690 |
| Property Subtypes: |
Low-Rise/Garden, Mixed Use
|
| Number of Units: |
6 Units |
| Building Size (RSF): |
11,093 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.80 Acres
|
| Sale Price: |
$675,000 |
| Unit Price: |
$112,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/26/2024 |
Overview / Comments
Solid investment opportunity with significant upside. 11,093± SF freestanding building on a large corner lot. Building consists of four (4) oversized apartments and one (1) commercial, first floor unit and additional space for expansion. Located on the high traffic intersection of Route 114 and Route 35. Traffic Count: 9,230 vehicles per day (AADT 2021). Just a short distance from USM’s Gorham Campus and Saint Joseph’s College of Maine, Sebago Lake, Hannaford and more.
Can be purchased with 451-453 Northeast Road. See broker for details.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
05230_41-5 |
| Zoning: |
VC - VILLAGE CENTER |
| Highway Access: |
ME Turnpike, I-95 |
| Airports: |
Portland International Jetport |
| Total Number of Buildings: |
1 |
| Property Condition: |
Fair |
| Number of Stories: |
3 |
| Year Built: |
1910 |
| Roof Type: |
Gable |
| Parking Type: |
Surface |
| Parking Description: |
Ample on-site parking |
| Water Service: |
Municipal |
| Sewer Type: |
Septic |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
4,051 |
20,596 |
| Median Age: |
40.6 |
39.39 |
| Households: |
1,521 |
7,635 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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.
|
