TWO LANDMARK BUILDING PACKAGE IN YARMOUTH VILLAGE

Office for Sale
Sale Pending
Also listed as Multi-Family
Catylist Listing ID: 30061168
Property Subtypes: Executive Suites, Institutional, Medical, Mixed Use, Office Building, Other
Status: Pending
Building Size (RSF): 9,999 SF
Sale Price: $1,150,000
Unit Price: $115.01 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/1/2017

Overview / Comments

We are pleased to offer for sale this premier property package located at 149 & 153 Main Street in Yarmouth, Maine. The Main Street package consists of two signature buildings known as the Shepley House and the Weld House and comes with onsite parking and direct access off of Main Street and Vespa Lane. Located in the Heart of Yarmouth Village, this is a prime redevelopment opportunity for multiple commercial and residential uses as well as for owner occupants looking for a prestigious address to do business. See broker for further details on buildings and offering package.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05260_038-017
Zoning: VILLAGE
Property Located Between: Bridge Street an Vespa Lane
Property Visibility: Good
Highway Access: Within minutes to I-295 and US Route One.
Airports: Portland International Jetport - 15 minutes away
Site Description: Beautiful property with landscaping and two prominent buildings with parking.
Area Description: Signature location in Heart of Yarmouth Village in Yarmouth, Maine. Properties are in walking distance to North Yarmouth Academy, Yarmouth Town Hall, Merrill Library, Rosemont Market, Gather Restaurant, the Royal River (and walking paths), and various boutiques, shops, businesses, and restaurants. Within several minute drive time to larger retailers, and Hannaford.
Total Number of Buildings: 2
Number of Stories: 4
Roof Type: Arched
Construction/Siding: Vinyl Siding, Wood Frame, Wood Siding
Exterior Description: Two signature buildings located off Main Street in Yarmouth.
Parking Type: Surface
Parking Description: Parking available on lot behind Shepley House, on lot adjacent to Weld House, and potential for additional parking onsite and/or on Vespa Lane.
Sprinklers: None
Heat Type: Hot Water, Steam, Other
Heat Source: Baseboard, Other
Air Conditioning: Window Unit, Other
Internet Access: Cable, Other
Interior Description: Weld House is currently utilized as office space and comes with an attached 480 square foot barn with loft. Shepley House has been demo inside to studs with utilities stubbed making it prime for redevelopment.
Zoning Description: Village District. See Broker
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Easement on Vespa Lane. Other easements / new lot line will need to be determined to separate Weld House from current tax card that includes the two brick building between Weld House and Bridge Street. See broker for further details.
Legal Description: Legal description and lot size to be defined based on subdivision as noted in in Easement description.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,256 9,997 24,813
Median Age: 43.26 45.46 45.49
Households: 917 4,149 9,823
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