Multi-Level with Business
Retail-Commercial
for Sale
| Catylist Listing ID: |
30875720 |
| Property Subtypes: |
Mixed Use
|
| Building Size (RSF): |
3,856 SF
|
| Gross Building Area: |
5,002 SF |
| Gross Land Area: |
0.07 Acres
|
| Sale Price: |
$645,000 |
| Unit Price: |
$167.27 PSF |
| Property Use Type: |
Business |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/31/2024 |
Overview / Comments
|
Opportunity awaits! Located at the center of the peninsula and in Portland's emerging Bayside neighborhood, this commercial/mixed-use investment provides income and opportunity. The main level is leased @ $3,300pm modified gross (tenants pay heat, AC, hot water, and electric), and this space is lovely. The upper 2.5 levels have been gutted and await your imagination and finish. The current owners have plans for 5 residential apartments, but the options are many. With ReCode, this site is slated to become a B2B zone and even more desirable. The bones are good - the location fantastic - the opportunity apparent. Financing? With the Cannabis business, some lenders won't finance. That said, many local lenders will. The sellers currently have a mortgage with Bangor Savings, and the tenant banks with Casco FCU and Evergreen FCU will also finance. Shown by appointment Monday through Friday, 10 AM to 4 PM, with advanced notice.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
05170_036 H003 |
| Zoning: |
B2B |
| Lot Frontage: |
76 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
26,445 |
79,285 |
117,792 |
| Median Age: |
33.74 |
38.13 |
39.12 |
| Households: |
13,714 |
36,745 |
52,903 |
|
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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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