1041 Main StreetWaterboro, ME 04087MLS Number 1578408

  • Price: $1,750,000
  • 145 Days on Market
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Federal 30-year interest rate: 7.1% last updated on Apr 18, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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1041 Main Street Waterboro ME 040871041 Main Street Waterboro ME 040871041 Main Street Waterboro ME 040871041 Main Street Waterboro ME 040871041 Main Street Waterboro ME 040871041 Main Street Waterboro ME 040871041 Main Street Waterboro ME 04087
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  • 9.6Acreage
  • 2019Year Built
  • 10,112Square Feet

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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.
Listed by EXP Realty

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More Info

Basic Information

  • Documents Available Plot Plan Public Access
  • Property Uses Bar/Tavern/Lounge, Child Care, Cold Storage, Commercial, Development, Flex, Freestanding Building, Industrial, Net Leased, Office Building, Restaurant, Retail, Self Storage, Special Purpose, Warehouse

Building

  • Building ConstructionClapboard, Wood Frame
  • Building FeaturesSecurity System, Fire System, Sprinkler - Wet
  • Commercial Bldg Information Ceiling Height 10
  • Commercial Bldg Information Total Units 3
  • FoundationSlab
  • Units3
  • Year Built2019

Property Information

  • Acreage9.6
  • Lot Features Business District
  • Lot Size Area 9
  • Lot Size Square Feet 418,176
  • Lot Size Units Acres
  • New Construction YN Yes
  • Property Condition New Construction
  • Square Feet10,112

Tax Information

  • Tax Book Number 17525
  • Tax Lot006 & 006-001
  • Tax Map Number 18
  • Tax Year 23
  • Taxes$14,954

Location

  • Address1041 Main Street
  • Building Number1041
  • CountyYork
  • Latitude43.529129
  • Longitude-70.720174
  • StateME
  • StreetMain Street
  • TownWaterboro
  • Zip04087

Utilities

  • Electric Three Phase, Circuit Breakers
  • Gas Bottled
  • Heat SystemHot Water, Forced Air
  • Heating FuelPropane
  • Heating YN Yes
  • Sewer Septic Existing on Site
  • Water Source Public

Photos

  • Number of Photos7

Parking

  • Parking Features 21+ Spaces, Paved

Basic Information

  • Agent ID003210
  • Broker ID2742
  • Broker NameEXP Realty
  • List Price$1,750,000
  • LocationTypeBusiness District
  • MLS Number1578408
  • Modification Date03/19/2024
  • Property SubTypeRetail

Interior

  • Flooring Wood, Tile, Composition, Carpet

Exterior

  • Exterior Clapboard
  • RoofComposition

Amenities

  • Cooling Central Air
  • Cooling YN Yes
  • Mls StatusActive
  • Other AmenitiesFireplace
  • Other Equipment Internet Access Available, Cable

Other

  • Date Listed11/30/2023
  • View Count13
CENTURY 21 Atlantic
CENTURY 21 Atlantic
Office: 207-363-4053
433 US Route One
Suite 101
York, ME 03909

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

CENTURY 21 Atlantic participates in ©2024 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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