Two-Building Multi-Tenanted Complex
Industrial
for Sale
Also listed as Retail-Commercial
Catylist Listing ID: |
30700392 |
Property Subtypes: |
Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
|
Building Size (RSF): |
16,272 SF
|
Gross Building Area: |
See Agent |
Gross Land Area: |
2.60 Acres
|
Sale Price: |
$2,150,000 |
Unit Price: |
$132.13 PSF |
Ceiling: |
12 ft. Clear |
Drive In Bays: |
2 Bays |
Property Use Type: |
Vacant/Owner-User |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
3/1/2021 |
Overview / Comments
This property consists of two commercial buildings located on 2.6± acres on Riverside Street in Portland. The smaller of the two buildings at 6,620± sf is occupied by the owner Jimino Plumbing & Heating, which will relocate upon sale. The large building, 9,652± sf includes three (3) tenant spaces ranging in size from 1,800±sf to 5,500± sf. Best suited for an owner/user, all but one 1,800±sf lease will expire Summer 2021. The location is only 1.2 miles from Exit 48 of the Maine Turnpike.
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Financials
Finance Data Year |
2020 |
Real Estate Taxes - Annual($) |
$22,154 (Annual) |
Additional Details
Nearest MSA: |
Portland-South Portland |
County: |
Cumberland |
Taxing Authority: |
City of Portland |
Tax ID/APN: |
05170_311 A006 |
Zoning: |
IM |
Highway Access: |
I-95 Exit 48 |
Airports: |
Portland Jetport |
Site Description: |
Business Park |
Tenancy: |
Multiple Tenants |
Total Number of Buildings: |
2 |
Number of Stories: |
2 |
Property Condition: |
Excellent |
Year Built: |
1994 |
Year Renovated: |
1999 |
Roof Type: |
Gable |
Construction/Siding: |
Wood Frame |
Parking Type: |
Surface |
Parking Description: |
On-site paved parking |
Total Parking Spaces: |
42 |
Zoning Description: |
Industrial Moderate Impact |
Water Service: |
Municipal |
Sewer Type: |
Municipal |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
5,504 |
58,245 |
115,230 |
Median Age: |
39.69 |
39.11 |
38.42 |
Households: |
2,262 |
25,505 |
51,123 |
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