Mixed-Use Investment Property

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30832104
Property Subtypes: Car Wash, Garden Center, Mixed Use, Restaurant, Street Retail, Vehicle Related
Status: Pending
Building Size (RSF): 35,500 SF
Gross Building Area: See Agent
Gross Land Area: 3 Acres
Sale Price: $2,100,000
Unit Price: $59.15 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.0%
Last Updated: 3/21/2023

Overview / Comments

Mixed-use, multi-tented plaza for sale. Tenants are Gridiron, a well-known and popular restaurant. Hardy's Kitchen & Bath, ASI, MEBeautiful, and Angels Wings. Owner's unit is 5,500 SF of garage space and would do a 6 month leaseback after sale. Current cap rate is 11% and does not include rental income from owner's unit.

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: RE00000279
Lot Frontage: 570'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,310 37,427 63,754
Median Age: 48 36.74 38.23
Households: 598 16,131 26,912


Photograph of Listing Agent

Dustin Boutin

Magnusson Balfour/KW Commercial a div. of Keller Williams Realty
NECPE Member
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