Investment or Owner Occupied Opportunity in Topsham

Office for Sale
Catylist Listing ID: 29839399
Property Subtypes: Office Building
Building Size (RSF): 16,649 SF
Gross Building Area: See Agent
Gross Land Area: 3.82 Acres
Sale Price: $1,595,000
Unit Price: $95.80 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/17/2018

Overview / Comments

Very well maintained 2 story office building, occupied by the law offices of McTeague Higbee. Ideal professional space with nice interior finishes throughout, many private offices, open work space and beautiful entry.

There are currently 5,500 SF available for immediate occupancy for an owner user.

There is also a develop-able pad site with unobstructed visibility on State Route 196 which has a traffic count of over 30,000 cars per day. This property is priced well below replacement cost and has tremendous upside making it a great investment opportunity.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Tax ID/APN: U05/ 047
Zoning: VILLAGE CENTER VC
Market Type: Medium
Road Type: Paved
Property Visibility: Good
Transportation: Rail, Highway, Airport
Site Description: This 3.82 acre property is beautifully landscaped and includes ample parking.
Area Description: This office property is located just off the high traffic State Route 196 and is at the crossroads of Interstate 295 and U.S. Route 1. Only half hour to both Portland and Augusta, this office location is within commuting distance of 2/3 of the state's workforce on the border of Maine's two fastest growing populations making it an excellent place to locate your business and a savvy long term buy.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1986
Roof Type: Flat
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: Ample parking on site
Heat Type: Oil
Air Conditioning: Engineered System

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,478 18,777 30,424
Median Age: 42.35 42.39 42.11
Households: 673 8,028 12,660

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