1041 Main Street Waterboro, ME

$1,750,000
Square Footage 10,112
Acres 9.60
Photo of 1041 Main Street Waterboro ME 04087




Description

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.


Listed by EXP Realty, Michael Rogers 888-439-8743

Details

MLS 1578408
Status Active
Price $1,750,000
DOM 204 days
Type Commercial
Square Feet 10,112 sqft
Lot Size 9.60 acres
Year Built 2019
Taxes Paid $14,954

Lot & Building Features

Cooling Central Air
Tax Year 23
Taxes Paid $14,954

Map

Building for Sale: 1041 Main Street, Waterboro, ME 04087

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Financing

$
20%
0.85451428571429%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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