38 & 53 Prescott Drive, Machias

Office for Sale
Catylist Listing ID: 30486633
Property Subtypes: Governmental, Office Building
Building Size (RSF): 22,500 SF
Gross Building Area: See Agent
Gross Land Area: 5.58 Acres
Sale Price: $2,297,000
Unit Price: $102.09 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 9/3/2019

Overview / Comments

We are pleased to offer for sale a Class A investment property at 38 & 53 Prescott Drive, Machias. Maine State Agencies occupy 92% of the property. There is additional income potential on lease up of vacant space and the additional land allows for possible expansion. Full financial offering memo available with signed confidentiality agreement.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $42,394 (Annual)

Additional Details

Nearest MSA: Bangor
County: Washington
Submarket/Township: ME-Other
Tax ID/APN: Map 5, Lot 52D
Zoning: GENERAL COMMERCIAL
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 2000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,108 2,959 5,446
Median Age: 46 39.43 41.53
Households: 540 1,249 2,241

Contact

Photograph of Listing Agent

Samuel LeGeyt

NAI The Dunham Group
NECPE Member
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