Fully Occupied Condo Building

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30280291
Property Subtypes: Street Retail
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 Acres
Sale Price: $659,000
Unit Price: $94.14 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: 952 Post Rd
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2018

Overview / Comments

Fully occupied 7,000 sf building - part of three building condo association. Building 3 being offered consists of 4 tenants occupying Units 14-23. List of tenants and expenses to be provided upon request and signing of NDA. Large paved parking lot, great exposure along US Route One, professionally managed, street pylon and building facade signage and stable rental history. Under market rents provide great upside and low RE taxes.

Additional Details

Nearest MSA: Portland-South Portland-Biddeford
County: York
Tax ID/APN: WLLS-000120-000012-000000-000003-14-22
Zoning: GB
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Post Rd
Traffic/Vehicle Count: 18,000
Highway Access: Just minutes from Wells ME Turnpike exit.
Site Description: property type: Office Retail Parking: Ample on site in common paved parking HVAC: Propane Space Htr. Const.Type: Wood Frame
Area Description: Located just minutes from Wells ME Turnpike exit and excellent visibility and accessibility on US Route One.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Typical SF / Floor: 3,500 SF
Property Condition: Average
Year Built: 1987
Roof Type: Arched
Construction/Siding: Vinyl Siding
Exterior Description: Wood frame construction with vinyl siding
Parking Type: Surface
Parking Description: Ample on site non reserved parking
Heat Type: Electricity, Propane, Space Heaters
Heat Source: Ceiling Units, Other
Air Conditioning: Package Unit
Interior Description: Some units have monitor (gas) heaters and some have central HVAC
Zoning Description: GB - General Business
Lot Frontage: 200
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,279 4,237 11,997
Median Age: 53.57 54.5 51.03
Households: 1,078 1,985 5,317
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.