Investment Opportunity - Office Condo

Office for Sale
Catylist Listing ID: 30872418
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 3,960 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $335,000
Property Use Type: Investment
Building Name: Park One-Eleven Condominiums
Sale Terms: Cash to Seller
Cap Rate: 8.13%
Last Updated: 6/13/2024

Overview / Comments

3,960± SF fully tenanted, two-story office condo available for sale. Conveniently located on Route 111/Alfred Street in close proximity to Five Points and less than a mile from Maine Turnpike, Exit 32. Excellent opportunity in the Park One-Eleven Office Condominium.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31050_20-24
Is Condo?: Yes
Property Visibility: Excellent
Highway Access: Less than one mile from ME Turnpike, Exit 32.
Airports: Portland International Jetport
Number of Stories: 2
Year Built: 1988
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: On-site, in common with other tenants
Heat Type: Propane
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,510 28,023 50,448
Median Age: 41.79 39.46 42.24
Households: 2,954 12,041 21,743


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