1041 Main Street , Waterboro, ME 04087
Waterboro, ME 04087
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.
Details
| MLS# | 1578408 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2019 |
| Days On Site | 289 |
| Listing Provided By | EXP Realty | Michael Rogers |
Features
| SQ Feet | 10,112 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Zoning | Village |
| Acreage | 9.60 |
Market Activity 04087
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Learn More About This Property
| State | ME |
|---|---|
| County | York |
| City | Waterboro |
| Zip Code | 04087 |
| Listing VS Median (in 04087) | |
Price: $1,750,000 low | high Med: $414,100 SqFt: 10,112 low | high Med: 1,560 $ / SqFt: $173 low | high Med: $265 On Site: 289 low | high Med: 796.000000 | |