Commercial for Sale: 1041 Main Street, Waterboro, ME 04087

$1,750,000
$1,750,000
1041 Main Street, Waterboro, ME 04087
$1,750,000
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Price:
$1,750,000
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Type Commercial
Square Feet 10,112 sqft
Lot Size 9.60 acres
Year Built 2019
Taxes Paid $14,954
City Waterboro
County York
MLS 1578408
Status Active
DOM 217 days
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.

Lot & Building Features

Cooling Central Air
Tax Year 23
Taxes Paid $14,954

Price History of 1041 Main Street, Waterboro, ME

Date Name Price Difference
11/30/2023 Listing Price $1,750,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Cheryl Brown
Direct: 603-929-1100
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by EXP Realty, Michael Rogers 888-439-8743
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0.85451428571429%
6.75%
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1041 Main Street (MLS #1578408) is a commercial listing located in Waterboro, ME. This commercial listing is 10,112 sqft and on a lot of 418,176 sqft (or 9.60 acres) and is 5 years old. This property was listed on 12/27/2023 and has been priced for sale at $1,750,000.

Nearby zip codes are 04002, 04030, 04061, 04073 and 04083. This property neighbors other cities such as Alfred, Hollis, Lyman and Sanford.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: EXP Realty

Listing data is derived in whole or in part from the Maine IDX and 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. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.