Two-Building Multi-Tenanted Complex
Industrial
for Sale
Sale Pending
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
|
| Status: |
Pending |
| Building Size (RSF): |
16,272 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.60 Acres
|
| Sale Price: |
$1,995,000 |
| Unit Price: |
$122.60 PSF |
| Ceiling: |
12 ft. Clear |
| Drive In Bays: |
2 Bays |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/16/2021 |
Overview / Comments
|
This property consists of two commercial buildings located on 2.6± acres on Riverside Street in Portland. The smaller of the two buildings at 6,620± sf is occupied by the owner Jimino Plumbing & Heating, which will relocate upon sale. The large building, 9,652± sf includes three (3) tenant spaces ranging in size from 1,800±sf to 5,500± sf. Best suited for an owner/user, all but one 1,800±sf lease will expire Summer 2021. The location is only 1.2 miles from Exit 48 of the Maine Turnpike.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$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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