Future Redevelopment Opportunity with Income

Retail-Commercial for Sale
Catylist Listing ID: 30728455
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 8,120 SF
Gross Land Area: 1.68 Acres
Sale Price: $675,000
Unit Price: $83.13 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/28/2022

Overview / Comments

Unique Investment Opportunity- NAPA currently leases property with a firm commitment through March 31st, 2023 with a "right to terminate" clause after that for 3 months rent payment in advance of move out. Bridgton Water District still an active tenant. Here is an opportunity to consider redevelopment opportunities while still collecting great rental income.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $7,729 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 9-70
Zoning: NONE
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Lot Frontage: 1

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,848 6,964
Median Age: 46.41 46.43
Households: 2,099 2,958

Contact

Photograph of Listing Agent

Kevin Fletcher, CCIM

KW Commercial NECPE Member
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