Value Add Retail Offering

Shopping Center for Sale
Catylist Listing ID: 30550914
Property Subtypes: Community Center, Neighborhood Center, Strip Center
Building Size (RSF): 19,893 SF
Gross Land Area: 3.84 Acres
Sale Price: $2,500,000
Unit Price: $125.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Poland Crossing
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2020

Overview / Comments

Established Community Shopping Plaza with National Anchor Tenants and local businesses. The property offers High visibility and maximum exposure for its tenants by receiving over 20,000 trips a day and serves both the local and tourist markets. Triple A rated tenants. Excellent condition and professionally maintained.

PRIME LOCATION located on buys Route 26 Maine St. next to Poland Regional High School. Route 26 is the major thoroughfare for year-round travelers to and from the southern and western Maine regions including destinations like the Oxford Casino and Sunday River and Mt. Abram ski resorts. The Town of Poland is a vibrant, rural community at the crossroads of central and western Maine. With excellent access to two of Maine’s three metropolitan areas, a business-oriented Town Government, and a modern school system, people and businesses thrive. Poland teems with a wealth of recreation opportunities including five lakes, three golf courses, hiking, snowmobiling, and ATV trails, hunting, fishing, museums, campgrounds, mineral camps, a town beach, and more.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $31,000 (Annual)

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: 15-5
Zoning: DOWNTOWN
Retail Clientele: General, Tourist, Recreation, Casino
Feet of Frontage: 615
Traffic/Vehicle Count: 20,000
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Excellent
Year Built: 2008
Lot Frontage: 615
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,126 12,804
Median Age: 41.53 42.31
Households: 2,805 5,060

Contact

Photograph of Listing Agent

Kevin Fletcher, CCIM

KW Commercial NECPE Member
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