Catylist ID:
#30860687
Prime Southern Maine Development Opportunity
Special Purpose
for Sale
| Catylist Listing ID: | 30860687 |
| Property Subtypes: | Zoo |
| Building Size (RSF): | 20,000 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $10,500,000 |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller, Sale/Leaseback |
| Cap Rate: | Undisclosed |
| Last Updated: | 8/16/2024 |
Overview / Comments
|
Prime opportunity to purchase nearly 60 acres in the center of one of Maine's most popular seaside communities; York, Maine. Currently the property is home to York's Wild Animal Kingdom. The property offers development opportunities on heavily travelled Rt 1 at one end and York Village at the other. The Green Enterprise Recreation Overlay Zone does provide an opportunity for increased density. We can provide more details on the zoning as needed. There are over 30 buildings, garages, sheds, and ancillary buildings on site. The sellers are offering to lease back the zoo operations for up to 3 years at terms to be negotiated. This would provide support during the design, permitting and redevelopment phase. The need for additional housing and complementary uses is at an all time high in Southern Maine. The seller will consider transferring the zoo and related structures and equipment as part of this sale. |
Attachments & Media
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $73,356 (Annual) |
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | York |
| Taxing Authority: | Town of York, Maine |
| Tax ID/APN: | 31280_140-010 |
| Zoning: | GREEN ENTERPRISE OVERLAY DISTRICT/ RT 1-4 AND MIXED USE SHORELAND ZONE |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Rt 1 |
| Number of Stories: | 1 |
| Property Condition: | Average |
| Year Built: | 1952 |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Baseboard |
| Air Conditioning: | Window Unit |
| Internet Access: | Cable |
| Zoning Description: | Green Enterprise Recreation Overlay District |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 997 | 6,334 | 13,438 |
| Median Age: | 58.46 | 51.61 | 49.44 |
| Households: | 504 | 2,921 | 5,893 |
Contact
Robert BaldacciFO Bailey Real EstateNECPE Member 
David J JonesF.O. Bailey Real EstateNECPE Member |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
