420 School St, Berwick
Industrial
for Sale
| Catylist Listing ID: |
30799807 |
| Property Subtypes: |
Flex Space, Industrial-Business Park
|
| Building Size (RSF): |
14,582 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3.38 Acres
|
| Sale Price: |
$1,200,000 |
| Unit Price: |
$82.29 PSF |
| Ceiling: |
21 ft. / 15 ft. Clear |
| Drive In Bays: |
2 Bays |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.75% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
2/3/2023 |
Overview / Comments
|
Here's a fantastic investment opportunity for sale - a fully leased industrial park with great cash flow right on School Street in Berwick. It's 6 buildings in great condition with minimal upkeep and efficient heating. The property sits on 3.38 ac., with plenty of room to expand.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
1597 |
| Zoning: |
R3 |
| Highway Access: |
I-95 |
| Site Description: |
It's a great location, with many industrial and auto business around and about 30 minutes from Portsmouth, NH and 45 minutes to Portland, ME. |
| Area Description: |
This property is right on School Street, which connects Berwick to North Berwick, and has a traffic count of over 7,000 vehicles per day. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
6 |
| Number of Stories: |
1 |
| Year Built: |
2013 |
| Roof Type: |
Gable |
| Construction/Siding: |
Metal Siding |
| Exterior Description: |
Prefinished Metal |
| Parking Type: |
Roof Top, Surface |
| Parking Description: |
- Asphalt Paving
- Garage Available
|
| Heat Type: |
Propane, Other |
| Heat Source: |
Other |
| Interior Description: |
- Minimum Masonry
- Plywood Panel
- Concrete Finish
- Steel Framing |
| Zoning Description: |
R3 |
| Lot Frontage: |
300 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,888 |
8,897 |
33,583 |
| Median Age: |
40.13 |
36.31 |
39.27 |
| Households: |
1,099 |
3,533 |
13,175 |
|
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