Prime Waterfront Industrial Property with Development Potential
Industrial
for Sale
Also listed as Retail-Commercial, Vacant Land
| Catylist Listing ID: |
30873390 |
| Property Subtypes: |
Flex Space, Manufacturing, Mixed Use, Net Leased, Truck Terminal, Warehouse/Distribution
|
| Building Size (RSF): |
111,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
8.05 Acres
|
| Sale Price: |
$5,900,000 |
| Unit Price: |
$53.15 PSF |
| Ceiling: |
18 ft. Clear |
| Docks/Doors: |
12 Docks |
| Drive In Bays: |
14 Bays |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
10.0% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
8/13/2024 |
Overview / Comments
Introducing a prime waterfront industrial asset at 10 & 20 Snow Canning Road, Scarborough, ME. This fully leased 111,005± SF property presents exceptional investment and development potential. Strategically located on Route 9 Pine Point Road, the site offers outstanding visibility and accessibility.
The property offers 12 loading docks, 14 large overhead doors, high ceilings, common and private restrooms, and both outdoor and indoor parking. With 502' frontage on Snow Canning Road and approximately 1000± feet of waterfront, it spans 8.05± acres. The site features breathtaking water views in three directions, enhancing its appeal for potential development projects.
Zoned for Town Village Center with Industrial Overlay and Shoreland, the property is priced at $5,900,000 with 2021 taxes. Public sewer and water services are available. This is a prime opportunity to secure a valuable industrial asset with remarkable development potential in a desirable location.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
05200_R087005 |
| Zoning: |
TOWN VILLAGE CENTER WITH INDUSTRIAL AND SHORELINE OVERLAY |
| Property Located Between: |
Pine Point Beach and US 1 |
| Highway Access: |
US 1, i295, and 95 nearby |
| Rail Access: |
Yes |
| Airports: |
PWM |
| Total Number of Buildings: |
2 |
| Property Condition: |
Average |
| Year Built: |
1920 |
| Construction/Siding: |
Other |
| Column Spacing: |
26 |
| Sprinklers: |
Dry |
| Zoning Description: |
Zoned for Town Village Center with Industrial Overlay and Shoreland |
| Lot Frontage: |
500 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,385 |
15,798 |
39,466 |
| Median Age: |
45.12 |
47.78 |
44.73 |
| Households: |
935 |
7,293 |
17,109 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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