Retail/Flex/Industrial Buildings - For Sale

Industrial for Sale
Catylist Listing ID: 30831506
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Other
Building Size (RSF): 7,225 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $1,650,000
Unit Price: $228.37 PSF
Ceiling: 17.8 ft. Clear
Drive In Bays: 3 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/24/2023

Overview / Comments

This property offers unparalleled visibility situated on a hill between US Route 1 and I-295. Perfect for an owner/user or an investor, the three-building portfolio has two tenanted buildings with the third vacant. The vacant building is a new construction industrial building, formally the home of New Meadows Marine Boat Sales. The building has a large showroom with a 12’ overhead door, a private office, a closed off reception area/office, two bathrooms, and a large warehouse with a mezzanine and two 16’ overhead doors, as well as an extensive laydown area and ample parking.

Three buildings on 1.5 acres directly across from the "Big Indian"
Excellent visibility situated between I-295 & U.S. Route 1
One mile from Exit 17 of I-295
Building 1 (937 sf) - Tenanted by Equine Veterinary Service
Building 2 (4,800 sf) - Perfect for owner/user
Building 3 (1,488 sf) - Tenanted by Casco Bay Totes
Adjacent to South Freeport businesses including Casco Bay Yacht Sales, Dimillo's Freeport Yacht Sales, East Coast Yacht Sales, True Value, Buck's Naked BBQ, Cold River Distillery, Napa Auto Parts, and more.

Attachments & Media

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $10,970 (Annual)

Current Tenants

Tenant Business Name Casco Bay Totes
Tenant Business Name Equine Veterinary Service

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Town of Freeport
Tax ID/APN: Map 26, Lot 38
Zoning: C1
Property Located Between: US Route 1 and I-295
Highway Access: I-295, Exit 17
Airports: Portland Jetport
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Roof Type: Gable
Construction/Siding: Steel Frame, Wood Frame
Parking Type: Surface
Heat Source: Heat Pump
Zoning Description: Commercial 1
Water Service: Municipal
Sewer Type: Municipal, Septic

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 651 9,714 21,607
Median Age: 31.05 46.08 45.31
Households: 327 4,134 8,789

Contact

Photograph of Listing Agent

Tony McDonald, CCIM/SIOR

The Boulos Company NECPE Member
Photograph of Listing Agent

Sasha Bogdanovics

The Boulos Company NECPE Member
© Copyright 2001-2023 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.