1041 Main Street Waterboro, ME 04087
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.
- Property TypeCommercial
- NeighborhoodN/A
- CountyYork
- Taxes$14,954
- HOA/Condo/Coop Fees$0
- Days on Site165 Days
- MLS StatusActive
- MLS ID Number1578408
- Home Size Source N/A
- Year Built2019
- Lot Size9.6 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Clapboard
- Building Features Security SystemFire SystemSprinkler - Wet
- Parking 21+ SpacesPaved
- Electric Circuit Breakers
- Number of Stories 1
- Acreage 9.6
- Water Public
- Property Sub Type Retail
- Foundation Slab
- Zoning Village
- Property Condition New Construction
Interior Features
- Cooling Central Air
- Heating Hot WaterForced Air
- Flooring WoodTileCompositionCarpet
Exterior Features
- Roof Composition
- Lot Business District
Community Features
- Building Features Security SystemFire SystemSprinkler - Wet