Catylist ID:
#30867807
Turnkey Investment Property
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30867807 |
| Property Subtypes: | Free-Standing Building, Street Retail, Other |
| Status: | Pending/Contingent |
| Building Size (RSF): | 8,815 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 3.39 Acres |
| Sale Price: | $995,000 |
| Unit Price: | $112.88 PSF |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/25/2024 |
Overview / Comments
|
Turnkey investment property with three thriving businesses Renovated in 2019 with separate heat pump HVAC in all units Oversized paved parking lot in rear with redevelopment potential Tenants responsible for plowing and separately metered electric under current leases Sale Price: $995,000 (7.97% cap rate) |
Attachments & Media
Financials
| Finance Data Year | 2024 |
|---|---|
| Real Estate Taxes - Annual($) | $7,089 (Annual) |
| Net Operating Income | $79,334 (Annual) |
| Actual or Proforma Year | Actual |
Additional Details
| Nearest MSA: | Augusta-Waterville |
| County: | Knox |
| Submarket/Township: | ME-Other |
| Submarket Type: | Central Business District |
| Taxing Authority: | Town of Rockport |
| Tax ID/APN: | Map 20, Lot 182 |
| Zoning: | MIXED BUSINESS/RESIDENTIAL |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Other |
| Property Visibility: | Good |
| Largest Nearby Street: | Pascal Avenue |
| Traffic/Vehicle Count: | 12,510 |
| Highway Access: | Maine Turnpike (Via Route 1) |
| Airports: | Bangor International Airport |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 3 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Year Built: | 1970 |
| Year Renovated: | 2020 |
| Roof Type: | Gable |
| Construction/Siding: | Wood Frame |
| Parking Type: | Surface |
| Parking Description: | Ample, on-site parking |
| Heat Source: | Heat Pump |
| Zoning Description: | 50% Mixed Business/Residential (designated as "growth zone" by Town of Rockport) 50% Coastal Residential (903) |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 669 | 5,539 | 14,120 |
| Median Age: | 49.95 | 51.99 | 48.41 |
| Households: | 304 | 2,624 | 6,573 |
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