Owner/User Property - 196 Gray Road, Falmouth, Maine

Office for Sale
Catylist Listing ID: 30334953
Property Subtypes: Mixed Use, Flex Space, Office Building, General
Building Size (RSF): 2,132 SF
Gross Building Area: See Agent
Sale Price: $375,000
Unit Price: $175.89 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 196 Gray Road
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/30/2018

Overview / Comments

OFFICE/RETAIL OWNER/USER OPPORTUNITY
• 2,132± SF office/retail commercial building on 0.72± AC lot
• High visibility and traffic counts (15,000 AADT) only 1.3 miles from ME Tpke Exit 53
• Versatile layout and room for expansion
• Area businesses include First Portland Mortgage Corp, Harmon’s Lunch, Cumberland County Federal Credit Union, Iriving, Hannaford, TD Bank, Dunkin' Donuts to name a few.

Current business is relocating due to changing business needs.

Currently, the owner/operator leases out some of the space in the building to individual therapists that pay monthly rents. Tenants are TAW.

Possibility for additional square footage on the second story of the right side of the building. Some plumbing has been stubbed there and could be finished off.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05070_U42-029
Zoning: VILLAGE MIXED
Property Visibility: Excellent
Site Description: Property Type: Office and/or Retail Construction Type: Wood Frame Curb Cuts: The property benefits from two curb cuts with parking lots in the front right and the left side of the building.
Area Description: Located in close proximity to I-95 in West Falmouth. Property is within the Route 100 Infrastructure Project
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1940
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Shingle
Exterior Description: Open land in the back
Parking Type: Surface
Parking Description: Two Parking lots with two curb cuts.
Total Parking Spaces: 10
Sprinklers: None
Heat Type: Oil
Heat Source: Baseboard
Water Service: Municipal
Sewer Type: Septic
Legal Description: Book 25134 Page 101

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,071 56,931
Median Age: 43.01 41.46
Households: 5,739 23,105
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.