Two Multi-Tenanted Office Condos

Office for Sale
Catylist Listing ID: 30647203
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 2,880 SF
Gross Land Area: 0.11 SF
Sale Price: $225,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/9/2021

Overview / Comments

Multi-Tenanted Commercial Office Condominium Units consisting of Two Office Condos, Unit # 3 & Unit # 4, being sold together as a package.

Unit # 3 is the upper level of 1,440 Sq. Ft. with four office suites fully rented.

Unit # 4 is the lower level of 1,440 Sq. Ft. with three office suites with two rented and one used by the owner.

The condo fee is $ 300.00 per month per unit or $ 600.00 per month combined.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Windham
Tax ID/APN: 733RooseveltTrailUnit#3WindhamMaine04062
Is Condo?: Yes
Zoning: C1 COMMERCIAL
Property Located Between: Walgreen's/Little Caesar's and Dental Office.
Property Visibility: Good
Highway Access: Rt. 302
Airports: Portland
Site Description: Prime North Windham Rt. 302 location.
Area Description: North Windham Business and Shopping area.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,440 SF
Year Built: 1978
Year Renovated: 2010
Roof Type: Other
Construction/Siding: Vinyl Siding
Exterior Description: Metal roofing and vinyl siding.
Parking Type: Surface
Parking Description: Paved common area parking.
Sprinklers: None
Heat Type: Oil
Heat Source: Baseboard
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Office suites carpeted through out.
Zoning Description: C1 Commercial Zone.
Water Service: Municipal
Sewer Type: Septic
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Property has an easement across the back of the Walgreen's/Little Caesar's parking lot for access to Rt. 302 and Rt. 115.
Land Ownership: Owned in common.
Legal Description: Map 67, Lot 16, Building/Unit # 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,866 11,972 18,997
Median Age: 40.68 38.07 39.12
Households: 778 4,426 7,231

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