Investment - Mixed-Use Building | FOR SALE

Office for Sale
Sale Pending
Catylist Listing ID: 30606876
Property Subtypes: Mixed Use, Office Building
Status: Pending
Building Size (RSF): 23,300 SF
Gross Land Area: 4.48 Acres
Sale Price: $1,550,000
Unit Price: $66.52 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2020

Overview / Comments


Port North Professional Center - Fully Leased
Includes 14,079± SF traditional office space with 6,605± warehouse space with
uses for retail inventory storage and service tenants including a daycare
center, professional massage space and photography studio.
Located just off Route 1 close to the Kennebunk town line and the Hannaford
retail complex
Current owner maintains a rent structure below the market which helps with
tenant retention and/or fast lease-ups upon turnover

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 035-013A
Zoning: DB-1
Highway Access: Located just off Route 1
Site Description: CONFIGURATION: Office: 14,079± SF / Warehouse: 6,605± SF ROOF: Front is rubber membrane (8-10 yrs.); Rear is asphalt FLOORING: Carpet or tile over slab CEILING HEIGHT Office is 8±feet in office; higher in warehouse area
Area Description: Close to the Kennebunk town line and the Hannaford retail complex
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1975
Construction/Siding: Vinyl Siding
Exterior Description: Wood frame construction; slab foundation; vinyl & block exterior
Parking Description: 63± spaces (3:1) ample parking w/ additional on-site if needed
Heat Type: Oil, Hot Water, Other
Heat Source: Baseboard, Radiant, Other
Zoning Description: DB-1 (the rear land may be in DB-2)
Water Service: Well
Sewer Type: Septic

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,015 25,419
Median Age: 47.68 47.22
Households: 3,989 10,763


Photograph of Listing Agent

John F. Doyon, CCIM

Malone Commercial Brokers NECPE Member
© Copyright 2001-2020 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.