32 State Road West Bath, Maine 04530

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30733409
Property Subtypes: Mixed Use, Parking Facility, Service Station/Gas Station, Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 5,324 SF
Gross Building Area: See Agent
Sale Price: $329,000
Unit Price: $61.80 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 1/9/2022

Overview / Comments

Location, location, location! Investors take notice! Traffic Count 2019 AADT 8100. This 6 parcel, 3.42 acre, 5324+/-sf in total, property consists of an automotive center, 3 trailers, and 1 vacant lot directly abuts and neighbors well established businesses such as Plants Seafood, Swango Farm, Witch Spring Hill Ice Cream, Napa, Bath Self Storage, Coastal Glass, Mail It 4 U, Walgreens, Family Dollar, VIP, O'Reilly's Auto and much, much more.

Located on the Old Bath Road close to the rotary, this property is only minutes to BIW,
the interstate, schools, the mid-coast hospital, boat accesses, and atv trails all to which highlights the in-demand nature of this area.

This property boasts exceptional passive income opportunity as current rents are lower than market value. Tenants are month to month.

This property currently generates income and most importantly has potential to
generate much more.

32 State Road consists of .69+/- acres and a total of 3268+/-SF. 1976+/-sf of two 18+/-
foot ceiling service bays, one 16+/-foot drive in bay (first floor), and 1292+/-SF of office
spaces above (3 qrt story). Current tenant pays $1400.00 monthly.

7 Judys Drive consists of a 720+/-sf 2 Bedroom 1 Bath mobile home. New rinnai heater installed 2019. Internals for existing furnace replaced 2007. Current tenant pays
$600.00 monthly.

8 Judys Drive Consists of 760+/-sf 2 Bedroom 1 Bath mobile home. New furnace
installed 2020. Current tenant pays $550.00 monthly
.
9 Judys Drive consists of 1.06+/- acres, 576+/-sf 1 Bedroom and 1 Bath mobile home. Current tenant pays $525.00 monthly
.
Judys Drive is land of .84 acres.

Owner's only expenses are property tax and insurance. Tenants cover their own electric, heat and ground maintenance.

This is a must see opportunity.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $1,913 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Tax ID/APN: U10-010-B
Zoning: BUSINESS DISTRICT
Retail Clientele: Business, Other
Property Visibility: Excellent
Traffic/Vehicle Count: 8,100
Highway Access: Near turnpike/interstate.
Area Description: Business district, downtown, near shopping, turnpike/interstate, retail strip and shopping mall.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Property Condition: Average
Year Built: 1981
Year Renovated: 2017
Roof Type: Other
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: 21+ spaces, garage, gravel, on site parking.
Heat Type: Oil
Heat Source: Other
Zoning Description: Business district.
Lot Frontage: 3.42

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,690 11,806 19,121
Median Age: 37.29 42.17 43.38
Households: 1,699 5,402 8,371

Contact

Photograph of Listing Agent

Michael T. Atienza

Atienza Commercial & Residential Real Estate Brokers
NECPE Member
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