1041 Main ST Active Save Request In-Person Tour Request Virtual Tour
Waterboro,ME 04087
Key Details
Property Type Commercial Sale
Sub Type Retail
Listing Status Active
Square Footage 10,112 sqft
Price per Sqft $173
MLS Listing ID 1578408
HOA Y/N No
Originating Board Maine Listings
Year Built 2019
Annual Tax Amount $14,954
Tax Year 23
Lot Size 9.600 Acres
Acres 9.6
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 certain approvals and infrastructure in place.
Cost to replicate existing conditions 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 and storage would be an ideal use for Phase 2 while professional would be an ideal use for Phase 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.
Location
State ME
County York
Zoning Village
Interior
Heating Hot Water,Forced Air
Cooling Central Air
Flooring Wood,Tile,Composition,Carpet
Equipment Internet Access Available,Cable
Exterior
Garage 21+ Spaces,Paved
View Y/N No
Roof Type Composition
Parking Type 21+ Spaces,Paved
Building
Lot Description Business District
Building Description Clapboard,Wood Frame, Security System,Fire System,Sprinkler - Wet
Story 1
Foundation Slab
Sewer Septic Existing on Site
Water Public
Structure Type Clapboard,Wood Frame
New Construction Yes
Others
Restrictions Unknown
Energy Description Propane