Office Condominium

Office for Sale
Catylist Listing ID: 30496203
Property Subtypes: Medical, Mixed Use, Flex Space, Office Building
Building Size (RSF): 1,026 SF
Gross Building Area: See Agent
Sale Price: $135,000
Unit Price: $131.58 PSF
Property Use Type: Investment, Business
Building Name: One Bragdon Commons
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2019

Overview / Comments

Here is the opportunity to own a professional office condominium in a superb location with easy access to I-95 and within an hour to Portland, ME, and Boston, MA. This first floor unit is conducive to many uses including a medical practice, law office, wellness center, and more. Building only has 10 units with a nice mix of businesses from doctors, chiropractic, accounting, travel agency and others. Lots of parking, great visibility from Route 1 and a well run association with strong financials. Great investment property as well with current office rents that would support a cap rate of 6+.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $1,182 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 102-027
Zoning: RT 1-3
Property Visibility: Excellent
Highway Access: Located on US Route 1. 2.1 miles from I-95
Site Description: Open, Level
Area Description: Near Shopping, Near Turnpike/Interstate
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1987
Roof Type: Hip
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: 21+ spaces, On Site, Paved
Passenger Elevators: 1
Heat Type: Electricity
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,981 20,854
Median Age: 48.2 45.59
Households: 5,105 9,448
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