Town of Cumberland Commercial Building, Price Reduction

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30737393
Property Subtypes: Flex Space, Free-Standing, Office Showroom, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 2,560 SF
Gross Land Area: 3.14 Acres
Sale Price: $275,000
Unit Price: $107.42 PSF
Ceiling: 8 ft.
Office SF: 600 SF
Property Use Type: Vacant/Owner-User
Building Name: 10 Corey Road, Price Reduction
Usable Size (USF): 2,560 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2021

Overview / Comments

One of the rare commercial buildings in the Town of Cumberland.

Adaptable, side by side flex building. Could be a commercial duplex.

The last use was a Day Care facility for 25 children, which used only the first floor with a pass-through from one side to the other.

Full Fire Alarm System, with lights and pulls, heat sensors. Three bathrooms. Two propane monitor heaters (1 per side), and supplemental electric heat. On a well with an enormous septic system. Outside storage area. Large lit sign on Longwoods Road.

If you are looking for a small commercial building in Cumberland, this is it.

The usable acreage is considerably less than 3.14 acres, due to wetlands, septic placement, and leach field placement. The leach field is shared with an abutting commercial property (by deeded right).

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Town of Cumberland
Tax ID/APN: U07/ 3/ / /
Zoning: HC -- HIGHWAY COMMERCIAL
Property Located Between: Town of Falmouth and Town of Cumberland
Highway Access: Take Route 9 to Falmouth access exit.
Site Description: Oddly shaped lot with less usable acreage than is show by Assessor. Backs up to the railroad tracks.
Area Description: Rare Commercially-Zoned area in residential town.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,280 SF
Property Condition: Average
Year Built: 1983
Year Renovated: 2004
Construction/Siding: Vinyl Siding
Exterior Description: Vinyl Siding on three sides, T-111 on rear of building. Massive concrete foundation. Building was originally a DRY ICE HOUSE for the railroad.
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: Enough outside area for 8 to 12 cars.
Total Parking Spaces: 12
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Electricity, Propane
Heat Source: Baseboard, Wall Units
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Side by Side Commercial Duplex with a pass through cut into the dividing wall on the first floor.
Zoning Description: HC Call the Town of Cumberland for all questions.
Water Service: Well
Sewer Type: Septic
Easements: Other
Easements Description: There is an easement for the Leach Field, shared with a building across the street.
Land Ownership: Fee Simple
Legal Description: Book & Page: 20764/0197

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,964 36,118
Median Age: 44.44 44.17
Households: 5,980 14,293

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