Mixed Use Property with Redevelopment Potential

Retail-Commercial for Sale
Catylist Listing ID: 30823451
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 5,700 SF
Gross Building Area: See Agent
Sale Price: $895,000
Unit Price: $157.02 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

5,700+/- SF mixed use property located in southern Maine on a busy commuter route. The main floor of the building consists of a large retail space. The second floor offers additional commercial space as well as an apartment that could be owner occupied or rented for additional income. Set on over 1.7 acres with room to expand the existing building footprint, this property lends itself to many potential uses and/or redevelopment.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $6,479 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 49/59
Zoning: RESIDENTIAL COMMERCIAL
Property Visibility: Excellent
Feet of Frontage: 400
Site Description: Located in southern Maine on a busy commuter route with convenient access to the Maine Turnpike.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 2002
Parking Type: Surface
Parking Description: Private parking lot
Heat Type: Oil
Heat Source: Other
Air Conditioning: Window Unit
Lot Frontage: 440
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 29,666 53,976
Median Age: 41.12 42.55
Households: 13,107 23,165
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