Mill & Warehouse

Industrial for Sale
Sale Pending
Catylist Listing ID: 30864870
Property Subtypes: Flex Space, Food Processing, Free-Standing, Manufacturing, Mixed Use, Office Showroom, Research & Development, Truck Terminal, Warehouse/Distribution, Other
Status: Pending
Building Size (RSF): 8,000 SF
Gross Building Area: 68,000 SF
Gross Land Area: 2.86 - 2.88 Acres
Sale Price: $1,300,000
Unit Price: $162.50 PSF
Ceiling: 12 ft. Clear
Docks/Doors: 1 Dock
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Jagger Mill Building & Warehouse
Usable Size (USF): 68,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/23/2024

Overview / Comments

Two Buildings - Partially Occupied, Month to Month

Building 1
8,800 sf partially heated warehouse with 3 overhead doors and loading dock. Currently operating as an office and warehouse for owner's business use.

Building 2
60,000 sf 4 story (consisting of 15 ,000 +- sf per floor) former spinning mill and retail shop. 2 floors are currently operating as a yarn spinning business with a Month to Month Lease. Bonus cell tower lease is in place, adds to Buyer's income.

1st floor has several built offices and a large industrial space. This well maintained building is in great working condition, was just recently fully operating as Jagger Brothers Worsted Spinners. All floors equipped with bathrooms, and heat, the building is fully sprinkled, brick walls, hard wood floors and a cargo elevator. Tenants (wool spinning business) are in place leasing 2nd and 3rd floors on a month to month basis. Tenant is flexible to remain leasing, move and lease the warehouse building or move out completely.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Sanford
Tax ID/APN: K14/35
Property Located Between: Main Street and Water Street
Highway Access: Biddeford ME Turnpike Exit -25 minutes, Rodchester NH 25 Minutes
Site Description: large lot with some slight sloping on back portion
Area Description: Springvale is a quaint village of the City of Sanford
Total Number of Buildings: 2
Number of Stories: 4
Typical SF / Floor: 15,000 SF
Property Condition: Good
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: brick
Parking Type: Surface
Parking Description: large lot and some street parking
Column Spacing: 10-12
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Propane, Oil
Lighting: Fluorescent
Internet Access: Cable
Interior Description: 1st floor consists of concrete and wood floors, and 2-4 floors are wood. Mill Building layout is an open concept as was when it was functioning as a mill. Warehouse Building -is open concept in front with overhead door and in back has a 1000 +/-sf heated office, bathroom and storage area with 2 overhead door.
Lot Frontage: 120
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Map K14 Lot 035 Book 1320 Page 064

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,982 14,720 23,384
Median Age: 40.33 40.16 40.72
Households: 1,264 5,983 9,468


Photograph of Listing Agent

Suzanne M. McKechnie

Investcomm Commercial Group
NECPE Member
© Copyright 2001-2023 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.