Waterboro, ME 04087,1041 Main ST
Waterboro, ME 04087,1041 Main ST
Waterboro, ME 04087,1041 Main ST
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Listed by EXP Realty
$1,750,000
10,112 SqFt
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UPDATED:

09/20/2024 05:57 PM

Key Details

Property Type Commercial Sale

Sub Type Retail

Listing Status Active

Square Footage 10,112 sqft

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


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Maine MLS (MREIS) IDX

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Paul Rondeau

+1(207) 229-7613

Broker Associate | License ID: BA923327

Broker Associate License ID: BA923327

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