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1041 Main Street

Waterboro, ME 04087
  • $1,750,000
  • STATUS: Active
  • MLS #: 1578408
$1,750,000
  • 0
    BEDS
  • 9.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,112
    SQFT
Type:
Commercial
Built:
2019
County:
Area:

School Ratings & Info

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Description

Ideal 1031 investment opportunity with the fully-leased 10,112 +/- SF Phase 1 building and conditional approvals in place for Phases 2 and 3. It's a yield & value-add play; earn 8.32+% stabilized unlevered return with unrealized value from conditionally approved plans and some infrastructure in place. Cost to build Phase 1 and secure conditional approvals and infrastructure for the other buildings and associated land costs today would far exceed its list price. Town of Waterboro is business-friendly and would consider changes to the building dimensions if a buyer is interested. Light industrial (flex space) building would be an ideal use for Phase 2 and 3, among other uses. There is a dearth of such space in the area. Other permitted uses include retail, office and residential. Family Dollar and Ace Hardware are located to the right of the Village Plaza.

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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-04-18T13:20:18.91.
www.davidmarshallteam.com/homes/145631595
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1041 Main Street Waterboro, ME 04087

  • Price: $1,750,000
  • Status: Active
  • On Site: Days
  • MLS #: 1578408
0
Beds
0
Baths
0
½ Baths
9.6
Acres
10,112
SQFT
$173
$/SQFT
2019
Built
County:
York
Area:
Waterboro
Property Description
Ideal 1031 investment opportunity with the fully-leased 10,112 +/- SF Phase 1 building and conditional approvals in place for Phases 2 and 3. It's a yield & value-add play; earn 8.32+% stabilized unlevered return with unrealized value from conditionally approved plans and some infrastructure in place. Cost to build Phase 1 and secure conditional approvals and infrastructure for the other buildings and associated land costs today would far exceed its list price. Town of Waterboro is business-friendly and would consider changes to the building dimensions if a buyer is interested. Light industrial (flex space) building would be an ideal use for Phase 2 and 3, among other uses. There is a dearth of such space in the area. Other permitted uses include retail, office and residential. Family Dollar and Ace Hardware are located to the right of the Village Plaza.
Exterior Features

Construction Materials ClapboardWood Frame Foundation Details Slab Lot Features Business District Parking 21+ SpacesPaved Parking Features 21+ SpacesPaved Roof Composition

Interior Features

Building Features Security SystemFire SystemSprinkler - Wet Carpet Floors YN Yes Cooling Central Air Cooling YN Yes Flooring WoodTileCompositionCarpet Heating Hot WaterForced Air Heating YN Yes Tile Floors YN Yes Wood Floors YN Yes

Property Features

Association YN No Electric Three PhaseCircuit Breakers Gas Bottled YN Yes Heat Fuel Propane YN Yes Land Lease YN No New Construction YN Yes Other Equipment Internet Access AvailableCable Property Condition New Construction Property Sub Type Retail Sewer Septic Existing on Site Tax Annual Amount 14954 Tax Year 23 Water Source Public Zoning Village

Maine Real Estate Information Systems logo Listing provided courtesy of EXP Realty: .

© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-04-18T13:20:18.91.
 
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The David Marshall Team | eXp Realty, LLC
533 Congress Street
Portland ME, 04101
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