1041 Main Street Waterboro, ME 04087
Waterboro, ME 04087
$1,750,000
Get directions
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...
- 10,112 Sq Ft.
- Interior
- 9.6 Acres
- Exterior
- Commercial
- Property type
- 2019
- Year Built
- 1578408
- Web Id
- 1578408
- MLS ID
- 2.0000
- Buyer Agency Compensation
About 1041 Main Street
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.
"Listing Courtesy of EXP Realty, MREIS MLS"
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
"Listing Courtesy of EXP Realty, MREIS MLS"
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Amenities
- Carpeted Floors
- Tile Flooring
- Wood Floors
features
- cooling
- Propane Heating, Central Air
- Additional Listing Type
- New Construction
PROPERTY INFORMATION
- Cooling
- Central Air
- Heating
- Hot Water, Forced Air
- Parking Description
- 21+ Spaces, Paved
- Sewer
- Septic Existing on Site
- Water
- Public
EXTERIOR
- Construction
- Clapboard, Wood Frame
- Lot Description
- Business District
- Roofing
- Composition
INTERIOR
- Flooring
- Wood, Tile, Composition, Carpet
ADDITIONAL INFORMATION
- Number of Units
- 3
Listing Courtesy of EXP Realty