PAYNE ELWELL HOUSE - MULTI TENANT YARMOUTH VILLAGE OFFICE BUILDING

Office for Sale
Also listed as Special Purpose
Catylist Listing ID: 30339840
Property Subtypes: Executive Suites, Office Building, Other
Building Size (RSF): 3,981 SF
Gross Building Area: 6,623 SF
Gross Land Area: 0.17 Acres
Sale Price: $675,000
Unit Price: $169.56 PSF
Property Use Type: Investment
Building Name: Payne Elwell House
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 12/3/2018

Overview / Comments

We are pleased to offer for sale the Payne Elwell House located at 162 Main Street in Yarmouth, Maine. The offering includes 3,891 +/- useable square feet with 6,623 total gross square footage. Currently a multi-tenanted office building with the Yarmouth Chamber of Commerce as the anchor, The Payne Ellway House provides a rare opportunity for developers, investors, and/or owner occupants. Other amenities include onsite parking, premier Main Street location with pylon signage, and period detials throughout.
In 2018, Yarmouth approved the new Village District Zone allowing for various developments and uses.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: N0265R
Zoning: VILLAGE DISTRICT
Property Located Between: Vesper Street and onramp to US Route One.
Property Visibility: Excellent
Highway Access: seconds from US Route One, minutes to on and off ramps of Exits of I-295, and under 10 minutes to Maine Turnpike.
Airports: Within 20 minutes of Portland International Jetport
Site Description: Beautifully landscaped property in Yarmouth Village with pylon Main Street signage and onsite parking.
Area Description: Property is located in the Heart of Yarmouth Village on Main Street. In close proximity to North Yarmouth Academy, Rosemont Bakery, a new high end condo development, and various restaurants, boutique retail, and general businesses.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,423 SF
Year Built: 1792
Roof Type: Hip
Construction/Siding: Wood Siding, Other
Parking Type: Surface
Parking Description: Private entrance off Main Street with onsite parking.
Sprinklers: None
Heat Type: Oil, Other
Heat Source: Wall Units, Other
Air Conditioning: Window Unit, Other
Internet Access: Cable, Other
Interior Description: Interior consists of various office suites on each level with period details throughout.
Zoning Description: Village Zone
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Easement for some of parking that goes with property as well as access. See Deed.

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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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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.