Catylist ID:
#30765224
Village Plaza Phase 1 Unit 102
Retail-Commercial
for Sale
Also listed as Office, Special Purpose
| Catylist Listing ID: | 30765224 |
| Property Subtypes: | Mixed Use, Restaurant, Retail-Pad, Street Retail, Other |
| Building Size (RSF): | 2,496 SF |
| Gross Building Area: | 9,984 SF |
| Gross Land Area: | 9.60 Acres |
| Sale Price: | $395,000 |
| Unit Price: | $158.25 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Last Updated: | 1/13/2023 |
Overview / Comments
|
Great opportunity to acquire a new business condominium at $158/SF. Unit 102 comprises 2,496 square feet in Phase 1 of the 9.6 +/- acres of the Village Plaza, a new three-tenant retail strip center. It's challenging to find new space with parking included at such a low cost. One could not build it at this price. Optimal owner-users include retail, office and personal services including a small gym, nail and hair salon, bakery, among others. The three other units of Phase 1 are occupied, Asian Taste leases 101 and Five Ponds Public House leases 103 & 104. Phase 2 and 3 pad sites are approved, each for up to 9,999 SF buildings, at $175,000 and $325,000, respectively. Light industrial "flex space" is the highest and best use. Phase 3 is improved with a 3 bedroom ranch. 2021 CAM is $3.44/square foot. |
Attachments & Media
Financials
| Finance Data Year | 2021 |
|---|---|
| Real Estate Taxes - Annual($) | $1,111 (Annual) |
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | York |
| Submarket Type: | Central Business District |
| Tax ID/APN: | 5202 |
| Zoning: | VILLAGE DISTRICT |
| Retail Clientele: | General, Business |
| Property Visibility: | Excellent |
| Tenancy: | Multiple Tenants |
| Property Condition: | Excellent |
| Lot Frontage: | 300 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 925 | 3,396 | 7,777 |
| Median Age: | 39.07 | 44.45 | 42.66 |
| Households: | 350 | 1,342 | 3,142 |
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