Bought with RE/MAX Riverside
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Key Details
Sold Price $910,000
Property Type Commercial Sale
Sub Type Office
Listing Status Sold
Square Footage 4,406 sqft
MLS Listing ID 1561204
Sold Date 08/31/23
HOA Y/N No
Originating Board Maine Listings
Year Built 1838
Lot Size 0.320 Acres
Acres 0.32
Property Description
A+ Park Row location on the town green, 4,406 SF office building for sale with 13,500+/-SF lot in Brunswick's growth mixed zone. This property potentially allows for residential conversion or development opportunities per town approvals. This building is fully-leased with a strong tenant mix offering immediate returns on investment.
With a strong tenant mix and solid lease history, this property is a steady, reliable investment. With a current net operating income of nearly $50K and potential to surpass $70K (so 7% cap with market rents), investors have potential for immediate returns and may begin planning for additional opportunities.
Location
State ME
County Cumberland
Zoning GM6
Direction GPS friendly. Park Row allows travel in both north and south directions, street parking is on southbound side. This property also has off street parking.
Rooms
Basement Dirt Floor, Walk-Out Access, Crawl Space, Full, Partial, Unfinished
Interior
Heating Multi-Zones, Hot Water, Heat Pump, Baseboard
Cooling Heat Pump
Flooring Vinyl, Carpet
Equipment Internet Access Available
Exterior
Garage 11 - 20 Spaces, Paved, Off Street
View Y/N No
Roof Type Shingle
Parking Type 11 - 20 Spaces, Paved, Off Street
Building
Lot Description Public Transport Access, Near Turnpike/Interstate, Near Airport, Downtown, Business District, Historic District, Near Shopping
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Clapboard,Wood Frame
Others
Restrictions Unknown
Energy Description Gas Natural, Electric
Financing Conventional
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327