Topsham Crossing / For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30519973
Property Subtypes: Mixed Use
Building Size (RSF): 8,674 SF
Gross Building Area: See Agent
Gross Land Area: 1.09 Acres
Sale Price: $1,895,000
Unit Price: $218.47 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2020

Overview / Comments

Topsham Crossing is a 100% occupied, 8,317 square foot freestanding strip center within the Topsham Fair Mall power center. It is located just off from I-295 near the intersection of State Road 196 (Brunswick-Topsham Bypass) and Topsham Fair Mall Road. The subject center is shadowed anchored by the Target, Dick’s, Petco and Dollar Tree complex. This location is the dominant retail hub of the Bath, Bowdoinham, Brunswick, Richmond, Topsham area as well as the islands south of Brunswick (Great, Orr’s and Bailey’s).

The area employers include Bath Iron Works (one of the largest in Maine), Bowdoin College, Harry C. Crooker & Sons General Contractors, L. L. Bean’s, Mid-Coast Hospital, etc.

The subject center’s tenants include Edward Jones, Game Stop, Gentle Dental, Sally Beauty and Super Cuts. All of the tenants have been in place since near the time the center was built.

The offering also includes a 0.73± AC land parcel across from the access road leading into the Target center which is believed to be sufficient to accommodate a 7,200± SF building when last checked. There is no confirmation from the town on the size that would be currently allowed.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Tax ID/APN: R05-021-D-09E
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Good
Site Description: FLOOR: Carpet or tile over slab CEILING HEIGHT: 10’ LIGHTING: Fluorescent ELECTRICITY: Main entry, 800 amps, 240/120, three phase. Individual tenant services not verified. HVAC: Natural gas and electric WATER/SEWER: Municipal SPRINKLER: Yes RESTROOM: In each unit PARKING: Ample parking, 30± spaces per land parcel and other spaces in the open lot which ap-pears to consistently have surplus parking
Area Description: Lot Size: 1.09± AC (improved property); 0.73± AC (development site) Land and property sizes along with property details herein are based upon city records or information provided by the owner
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2007
Roof Type: Other
Construction/Siding: Other
Exterior Description: Reinforced Concrete
Parking Type: Surface
Parking Description: Ample parking, 30± spaces per land parcel and other spaces in the open lot which appears to consistently have surplus parking
Heat Type: Electricity, Natural Gas
Zoning Description: Commercial
Lot Frontage: 999999
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,223 16,565 29,144
Median Age: 43.14 40.91 42.66
Households: 1,018 7,080 12,156
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.