1041 Main Street

Waterboro, ME 04087

MLS ID# 1578408 Active
Retail

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$1,750,000

9.6 acres

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details

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. 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 condition... show more

Location Information

• Street # 1041
• Street Name Main
• Street Type Street
• County York
• Town Waterboro
• State/Province ME
• Zip Code 04087
• Leased Land No
• Book 17525
• Page 201
• Map 18
• Lot 006 & 006-001
• Zoning Village
• Zoning Overlay Unknown
• Tax ID 1041MainStreetWaterboro04087
• Full Tax Amount 14954
• Tax Year 23
• Association Y/N No

Property Information

• Primary Use Retail
• Surveyed Yes
• Short Sale Continue to Show No
• Deed/Conveyance Type Offered Quit Claim w/Covenant
• Deed All
• Deed Restrictions Unknown
• Bank Owned REO No
• Year Built - 2019
• Tenancy Multiple Tenants
• Leases Yes
• Total # Floors 1
• SqFt Finished Total 10112
• Lot Size Acres +/- 9.6
• Road Frontage +/- 450

Compensation & Misc Info

• Buyer Agency 2%

Directions

Just south of Family Dollar.

Details

• Commercial Bldg Information

  Ceiling Height +/-:10, Total Units:3

• Property Condition

  New Construction

• Construction

  Wood Frame

• Property Uses

  Bar/Tavern/Lounge, Child Care, Cold Storage, Commercial, Development, Flex, Freestanding Building, Industrial, Net Leased, Office Building, Restaurant, Retail, Self Storage, Special Purpose, Warehouse

• Basement

  Slab

• Exterior

  Clapboard

• Roof

  Composition

• Heat System

  Forced Air, Hot Water

• Heat Fuel

  Propane

• Cooling

  Central Air

• Floors

  Carpet, Composition, Tile, Wood

• Building Features

  Cable, Fire System, Internet Access Available, Security System, Sprinkler - Wet

• Parking

  21+ Spaces, Paved

• Electric

  Circuit Breakers, Three Phase

• Utilities

  Utilities On

• Gas

  Bottled

• Sewer

  Septic Existing on Site

• Water

  Public