Prime Real Estate with Development Opportunities
Industrial
for Sale
| Catylist Listing ID: |
30873892 |
| Property Subtypes: |
Flex Space, Free-Standing, Mixed Use, Light Industrial, Other
|
| Building Status: |
Proposed |
| Building Size (RSF): |
12,256 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
12.11 Acres
|
| Sale Price: |
$1,900,000 |
| Unit Price: |
$155.03 PSF |
| Ceiling: |
18 ft. Clear |
| Docks/Doors: |
1 Dock |
| Drive In Bays: |
3 Bays |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/20/2024 |
Overview / Comments
|
Prime real estate development potential based on zoning and approval. Currently, a garden center. The store and greenhouses are located on a high traffic area of Route 111 (Alfred Road) in Arundel, ME just a short distance from Route 95. The property consists of 12.11+/- acres of land with a 12,256 +/- store boasting a large glass front and three receiving bay doors in the rear for deliveries and shipping. Adjacent to the store are six greenhouses totaling over 20,480+/-SF of glass or plastic covered spaces and an additional 10,688 +/- of paved or patio areas. Also, on the property is a permitted 576+/- SF residence which includes a Kitchen, Bathroom, and a Bedroom\Living area excellent for an owner’s quarters or a manager\caretaker. Due to the size of the parcel, it is an ideal target for further expansion or development based on zoning and approvals.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
31030_004-040A |
| Zoning: |
COMMERCIAL |
| Highway Access: |
On RT 111 and nearby Rt 95 |
| Airports: |
Portland Jetport |
| Site Description: |
The property is located on Rt 111 just minutes from Rt 95 between Portsmouth NH and Portland ME. It is near shopping areas and restaurants. The property consists of 12.11+/- acres of land. 12,256 +/- store boasting a large glass front and 3 receiving bay doors in the rear for deliveries and shipping. Six greenhouses totaling over 20,480+/-SF of glass or plastic covered spaces. 10,688 +/- of paved or patio areas. A permitted 576+/- SF residence which includes a Kitchen, Bathroom, and a Bedroom\Living area. Zoning Commercial with a permitted residential. |
| Tenancy: |
Single Tenant |
| Property Condition: |
Good |
| Construction/Siding: |
Metal Siding |
| Parking Type: |
Surface |
| Column Spacing: |
1 |
| Zoning Description: |
Commercial/Industrial with approval for residential unit. |
| Water Service: |
Well |
| Sewer Type: |
Septic |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,428 |
11,722 |
39,284 |
| Median Age: |
39.89 |
42.25 |
41.41 |
| Households: |
907 |
4,614 |
16,505 |
|
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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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