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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
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