Office/Medical Office Condo Units 3, 4 & 5

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30712883
Property Subtypes: Medical, Office Building, Other
Status: Pending/Contingent
Building Size (RSF): 6,348 SF
Gross Building Area: See Agent
Gross Land Area: 4 Acres
Sale Price: $465,000
Unit Price: $73.25 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 10.3%
Last Updated: 9/30/2022

Overview / Comments

Fully leased 6,348 SF office/medical office condo, Units 3, 4 and 5, which occupies the entire second floor.

Convenient high visibility location in Waterville, with easy access to I-95 Exit 127

Elevator access to second floor

80± on-site paved parking stalls

Area businesses include MaineGeneral Medical Center, Colby College, Shaw’s, Planet Fitness, Applebee’s, Hampton Inn, and Northern Light Inland Hospital.

Sale Price: $465,000

10.3% Cap Rate

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Taxing Authority: City of Waterville
Tax ID/APN: Map 41, Lot 88
Zoning: CC
Property Visibility: Excellent
Highway Access: Maine Turnpike
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1989
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 80± on-site parking stalls
Total Parking Spaces: 80
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Hot Water
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: 7,185 25,600 31,762
Median Age: 40.19 40.29 40.58
Households: 3,216 10,636 13,168


Photograph of Listing Agent

Christopher Paszyc, CCIM, SIOR

The Boulos Company NECPE Member
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