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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Daniel Greenstein

The Boulos Company NECPE Member
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