4 Highland Avenue

Office for Sale
Also listed as Special Purpose
Catylist Listing ID: 30588979
Property Subtypes: Business Park, Office Building
Building Size (RSF): 4,255 SF
Gross Building Area: 5,608 SF
Gross Land Area: 0.97 Acres
Sale Price: $825,000
Unit Price: $193.89 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 4,225 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/25/2020

Overview / Comments

Warm and inviting office space in a beautifully renovated 1750 Colonial in excellent condition - ready to move in. Renovated over the past 14 years by the current owner/user and used for use professional engineering office space. The property is located in Scarborough's TVC3 Zone which allows additional development on the lot, such as up to 20 residential units, barn for functions, tavern, restaurant, day care, adult day care, business services, nursery school or places of worship. Contact Broker for floor plans, plans for development scenarios and Property Improvement List.

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $6,166 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Town of Scarborough
Tax ID/APN: Map R081 Lot16
Zoning: TVC3
Property Located Between: Blackpoint Road - on the way to Prouts Neck, and Highland Avenue - on the way to and Cape Elizabeth
Property Visibility: Excellent
Highway Access: Connects by Blackpoint Road to US Route 1, Scarborough at Oak Hill, which connects to I-295, and the Maine Turnpike via Haigis Parkway.
Airports: Portland International Jetport.
Site Description: Flat site with fabulous development potential for an additional structure or for expansion of the existing building and expansion or parking.
Area Description: A high-end residential area populated with fine homes and abundant recreation areas that include beaches and a private golf and tennis club. An area of strong demographics.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1750
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Classic Colonial with clean lines and historic features. Post and Beam construction. Renovated starting in 2006 when purchased by the current owner and continuing to 2019. Beautiful grounds with verdant lawn and historic apple trees.
Parking Type: Surface
Parking Description: Paved parking at the door, surface parking at the side. Parking plan for expansion of parking has been approved by the Town of Scarborough. Additional parking may be developed in the development area to the rear of the property.
Sprinklers: None
Heat Type: Propane, Other
Heat Source: Other
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Beautifully appointed with Hearthstone propane-fired sealed, thermostatically sealed fireplaces placed in historic fireplaces, includes original antique molding and stunning original wide pine flooring and Brazilian Cherry throughout.
Zoning Description: TVC3
Lot Frontage: 326'
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Easement at the side of the property that allows access to property behind the neighboring property, the easement could serve as a entrance to the developed area or expansion area.
Land Ownership: Owned.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,026 62,240
Median Age: 44.83 42.72
Households: 8,262 27,226

Contact

Photograph of Listing Agent

Roxane A. Cole

Roxane Cole Commercial Real Estate, LLC
NECPE Member
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