Fully Leased Route One Saco Retail / Office Building / For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30193969
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Other
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.39 Acres
Sale Price: $2,000,000
Unit Price: $166.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Cascade Falls South
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2018

Overview / Comments

We are pleased to offer for sale as an investment property an approximately 12,000 SF Retail / Office building in Saco, Maine. This property is an ideal investment property as well as an opportunity for a buyer to owner/occupy up to 5,000 SF. The current owner operates a business from this location and will either continue on with a signed lease or will vacate if another tenant is located or if the Buyer wants to open a business here.

This property was built in 2010 and is located in an area of Route One that is experiencing significant growth. Located one property over from the intersection of Cascade Road, there are a number of access points: heading north on Route One, there is a right hand turn into the site; heading south on Route One, there is access at the lighted intersection at Cascade Road. Once on Cascade Road there are multiple entrances to the property. For financial and lease information, please contact the Broker for a Confidentiality Agreement.

Attachments & Media

Current Tenants

Tenant Business Name Discovery Place Childcare
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number A
SF of Space Occupied 2,230 SF
Tenant Business Name Maine Paint
Industry Type Retail Trade
Suite Number B
SF of Space Occupied 3,700 SF
Tenant Business Name Beach Beverage Redemption
Industry Type Retail Trade
Suite Number C/D
SF of Space Occupied 5,000 SF
Tenant Business Name Seashore Property Management
Industry Type Real Estate and Rental and Leasing
Is Renting? Yes
Suite Number E
SF of Space Occupied 1,200 SF

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Saco
Tax ID/APN: 062/001/003
Zoning: MU3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Cascade Road and Flag Pond Road
Property Visibility: Excellent
Largest Nearby Street: Portland Road (Route 1)
Feet of Frontage: 185
Traffic/Vehicle Count: 15,070
Highway Access: 2.6 miles to I-95 (Maine Turnpike) via I-195
Airports: Portland International Jetport
Site Description: Level, open
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2010
Roof Type: Flat
Construction/Siding: Steel Frame, Stucco
Parking Type: Surface
Parking Description: Ample, on-site paved parking
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: MU3: Planned Mixed Use District
Lot Frontage: 185
Lot Depth: 367
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities, Other
Land Ownership: Owned
Legal Description: York Co. Registry of Deeds Book 15562 Page 0724–0735

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,981 49,333
Median Age: 44.78 42.22
Households: 9,243 21,391
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.