$1,750,000

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1041 Main Street, Waterboro, ME, 04087

1041 Main Street, Waterboro, ME, 04087
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2019

10,112 sqft

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 8.45% unlevered return with unrealized value from certain approvals and infrastructure in place. Cost to replicate existing conditions 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 and storage would be an ideal use for Phase 2 while professional would be an ideal use for Phase 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.

Status:

Active

Type:

Commercial

Units:

3

Zoning:

Village

Frontage:

450

Heating:

Hot Water, Forced Air

Cooling:

Central Air

Parking:

21+ Spaces, Paved

Acreage:

9.6

Est. Taxes:

$14,954

Construction

Clapboard, Wood Frame

Lot Description:

Business District

MLS #:

1578408

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of EXP Realty