7-Unit Multi-Family Building

Multi-Family for Sale
Catylist Listing ID: 30799149
Property Subtypes: Low-Rise/Garden, Mixed Use
Number of Units: 7 Units
Building Size (RSF): 5,520 SF
Gross Building Area: See Agent
Gross Land Area: 0.14 Acres
Sale Price: See Agent
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 7-Unit Multi-Family Building
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/17/2022

Overview / Comments

650 Main Street consists of seven (7) units and is situated in a highly desirable location between the exciting Rock Row development and downtown Westbrook, which has several restaurants and shops for residents to enjoy, such as Market Basket, REI, Chick-fil-A, Starbucks, Kohl’s, and more.

PLEASE NOTE: This property is part of a portfolio.

The portfolio consists of four properties — two properties located in Westbrook and two properties located in Old Orchard Beach. This portfolio is being offered as one package or can be purchased separately (Westbrook package or Old Orchard Beach package). Please contact the broker for more details.

PROPERTY TOUR SCHEDULED: Thursday, May 19th at 10:45 a.m.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05240_033-000-026
Zoning: CCD - CITY CENTER DISTRICT
Percent Occupied: 100%
Community Amenities: Restaurant(s)
Property Located Between: Main & Giles Street
Highway Access: I-95
Airports: Portland International Jetport
Area Description: Mixed use building located on the corner of Main Street and Giles Street, across from Riverbank Park and playground.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1940
Year Renovated: 2020
Parking Type: Surface
Parking Description: Two (2) dedicated parking spaces per residential unit + two (2) spaces for restaurant
Zoning Description: CCD - City Center District
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,747 34,148 113,231
Median Age: 35.2 37.79 38.52
Households: 3,887 14,090 48,545

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