$1,750,000
1041 Main Street, Waterboro, ME, 04087
2019
10,112 sqft
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.
Status:
Active
Type:
Commercial
Units:
3
Zoning:
Village
Frontage:
450
Heating:
Hot Water, Forced Air
Cooling:
Central Air
Parking:
21+ Spaces, Paved
Acreage:
9.6
Est. Taxes:
$14,954
Construction
Clapboard, Wood Frame
Lot Description:
Business District
MLS #:
1578408
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of EXP REALTY, LLC