|
1041 Main Street, Waterboro, ME, 04087 | $1,750,000
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.
Features
- Property Type: Retail
- Construction: Clapboard, Wood Frame
- Parking: 21+ Spaces, Paved
- Heating: Hot Water, Forced Air
- Cooling: Central Air
- Units: 3
- Zoning: Village
- Frontage: 450
- Year Built: 2019
- Approx Sq. Feet: 10,112
- Acreage: 9.6
- Est. Taxes: $14,954
- Lot Desc: Business District
- MLS#: 1578408
- Website: https://www.raveis.com
/prop/1578408/1041mainstreet_waterboro_me?source=qrflyer
 | Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. |  |
Listing courtesy of eXp Realty, LLC
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable