Village Plaza Phase 1

Retail-Commercial for Sale
Also listed as Industrial, Business Opportunity
Catylist Listing ID: 30765224
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 9,984 SF
Gross Building Area: See Agent
Gross Land Area: 7.97 SF
Sale Price: $1,248,000
Unit Price: $125 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/3/2021

Overview / Comments

Phase 1 of the Village Plaza is a 9,984 SF three-tenant retail strip center built in 2019. One space, 2,496 SF, remains available. It's listed at an 8.0% cap rate with 100% stabilized rent. Optimal tenants for the vacant space are either retail or office use. 2020 CAM is $2.98.

The Village Plaza comprises three phases of which two are pad sites each approved for up to 9,999 SF buildings. Phase 3 is improved with a 1.5 story cape cod house with a full basement. See the Village Plaza listing if interested.

Complex enjoys private septic and public water.

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
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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