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: 7.97 SF
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: 6/23/2022

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 8.0 +/- 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 $2.98/square foot.

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

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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

Contact

Photograph of Listing Agent

Michael Rogers

Bean Group NECPE Member
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