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
Zoning: B2 - HIGHWAY BUSINESS
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

View FullscreenMap

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

Contact

© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions.