Fully Leased Investment Property for Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30783379
Property Subtypes: Business Park, Office Building
Status: Pending
Building Size (RSF): 9,288 SF
Gross Building Area: See Agent
Gross Land Area: 2.42 Acres
Sale Price: $849,900
Unit Price: $91.51 PSF
Property Use Type: Investment
Building Name: Dear Ridge Park
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/11/2022

Overview / Comments

312 Cottage Street is a 9,228 sf/+- office building located approximate 1 mile from the center of downtown Sanford and a half a mile from Goodall Hospital and Physicians Referral. The building is in a quiet wooded setting, offers ample parking and has ab abundant of natural light throughout. This building is being sold with 2.24 acres of land.

312 Cottage Street was bought in 2019 and has had many renovations and updates.

Attachments & Media

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $10,760 (Annual)
Net Operating Income $87,639 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31230_R9-62
Zoning: URBAN ZONE
Property Located Between: Just outside of downtown Sanford on Route 202/ Cottage street and
Property Visibility: Excellent
Highway Access: Approximately 16.8 miles from the Maine Turnpike in Biddeford. 23 minutes.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1985
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: Ample on site paved parking.
Heat Type: Electricity, Oil, Hot Water
Heat Source: Central
Internet Access: Cable
Zoning Description: Urban
Lot Frontage: 340'
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,067 14,068 23,496
Median Age: 41.53 39.39 41.24
Households: 840 5,790 9,579

Contact

Photograph of Listing Agent

Juliana Tonini

EME Commercial Real Estate
NECPE Member
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