Investment / Medical Office / For Sale

Office for Sale
Sale Pending
Catylist Listing ID: 29993289
Property Subtypes: Medical
Status: Pending
Building Size (RSF): 27,959 SF
Gross Building Area: See Agent
Gross Land Area: 19.43 SF
Sale Price: $3,900,000
Unit Price: $139.49 PSF
Ceiling: 12 ft.
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/26/2018

Overview / Comments

Our Property is a two level, 26,199 square foot medical building. The original building was built in 1815 and has been renovated, along with adding a major addition in 2001 to accommodate its current tenants Southern Maine Health Care and the VA. The barn building is occupied by UNE at this time. The Property is laid out very well for medical office space and is well maintained and the excess land has great potential for development with over 900’ of frontage on Rt 1. The property is on 19+/- acres, 8+/- are developable with 4+/- acres occupied at this time. Barn not included in sf is used for cold storage and is 1,800 sf mez not included in sf.


Finance Data Year 2018
Real Estate Taxes - Annual($) $77,537 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: Map 35 Lot 1
Zoning: B2B
Property Visibility: Excellent
Highway Access: 95
Airports: Portland International Airport
Site Description: Our Property is on a desirable corner lot on Route 1 (Main St.) just north of the Maine Turnpike exit and the retail area of Saco. This site is in B2b business zone of Saco and borders a residential area on Ross Road. The surrounding properties to the Subject Property are primarily retail/service. The property is on the very Northern edge of the core commercial district on Main St. Saco.
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1815
Year Renovated: 2001
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Vinyl
Parking Type: Surface
Parking Description: PARKING: 125± on site spaces
Total Parking Spaces: 125
Sprinklers: Wet
Heat Type: Oil
Air Conditioning: Package Unit
Interior Description: CEILINGS: 8 to 12± feet LIGHTING: Combination FLOORING: Combination
Lot Frontage: 900' on Route 1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Book 10149 Page 173

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,519 35,074 51,700
Median Age: 39.64 41.41 41.84
Households: 1,139 15,834 22,045
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.