Exclusive Investment Opportunity / For Sale

Shopping Center for Sale
Catylist Listing ID: 30182039
Property Subtypes: Mixed Use
Building Size (RSF): 75,486 SF
Gross Building Area: See Agent
Gross Land Area: 20.86 Acres
Sale Price: $6,900,000
Unit Price: $91.41 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: Colonial Marketplace
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2018

Overview / Comments

The Colonial Marketplace is a 75,000+/- square foot Hannaford grocery-anchored center located on Route 25 in Standish at the southern tip of Sebago Lake and approximately 19 miles west of Portland. The center forms the retail and service hub of Standish and surrounding communities.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 10 Lot 096
Retail Clientele: General, Business, Traveler, Tourist, Other
Property Visibility: Good
Feet of Frontage: 500
Airports: Portland International Jetport
Number of Stories: 1
Property Condition: Good
Year Built: 1992
Roof Type: Other
Construction/Siding: Other
Exterior Description: Clapboard
Parking Type: Surface
Parking Description: 5:1± parking ratio with 350+ lined parking spaces for the center’s customers and additional 40± spaces at the rear of the center for employees. The lot was last re-surfaced 8.5± years ago.
Total Parking Spaces: 350
Sprinklers: Wet, Dry
Heat Type: Electricity, Propane, Other
Zoning Description: Standish Corner District
Lot Frontage: 500
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,257 3,850 17,771
Median Age: 40.06 38.54 38.62
Households: 483 1,422 6,204
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.