Falmouth Office Condominium

Office for Sale
Catylist Listing ID: 30859490
Property Subtypes: Business Park, Executive Suites, Office Building
Condo? Yes
Building Size (RSF): 1,209 SF
Gross Building Area: See Agent
Sale Price: $245,000
Property Use Type: Vacant/Owner-User
Building Name: Falmouth Professional Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2023

Overview / Comments

We are pleased to present 3 Fundy Road #2, an updated, turnkey office suite in a professional office building just off Route 1 in Falmouth. This condominium has six (6) private offices, a shared reception area, bathroom, and kitchenette. Current use is individually leased offices for health and wellness providers. If buyer wants to continue the current use, seller can include the common-area furniture, kitchen supplies, Sonos, printer, wireless router, and use of the Falmouth Counseling & Wellness Center website.

Association dues cover all expenses including heat, central A/C, water/sewer, electricity, plowing/landscaping, etc. And the website for the Falmouth Counseling & Wellness Center is https://www.falmouthwellness.com/.

All six current tenants are tenants at will and have stated their interest to stay in their suites when there is a new owner, if the new owner so chooses.


Finance Data Year 2023
Real Estate Taxes - Annual($) $3,393 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05070_U11-035-B13
Is Condo?: Yes
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Plentiful shared parking available
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,731 24,567 83,826
Median Age: 52.99 44.09 39.11
Households: 665 10,546 37,799


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