$1,750,000
1041 Main Street
Waterboro
Listing Courtesy of
EXP Realty
1041 Main Street, Waterboro, ME 04087
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.
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.
Listing Courtesy of
EXP Realty
DETAILS
- Listing Id1578408
- StatusActive
- TypeCommercial Sale
- Map / Lot18 / 006 & 006-001
- Book / Page17525 / 201
- Waste Water DisposalSeptic Existing on Site
- WaterPublic
- Heat SystemForced Air, Hot Water
- CoolingCentral Air
- ElectricCircuit Breakers, Three Phase
- RoofComposition
- FloorsCarpet, Composition, Tile, Wood
- GarageNo
- Lot FeaturesBusiness District
- Parking Features21+ Spaces, Paved
- Checked For UpdatesThursday, May 9, 2024 at 3:02 PM
- IDX Listing UpdatedTuesday, March 19, 2024 at 11:33 PM
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