UPDATED:
Key Details
Property Type Commercial Sale
Sub Type Investment
Listing Status Active
Square Footage 10,578 sqft
MLS Listing ID 1650508
HOA Y/N No
Year Built 1996
Annual Tax Amount $34,756
Tax Year 2024
Lot Size 2.900 Acres
Acres 2.9
Property Sub-Type Investment
Source Maine Listings
Land Area 10578
Property Description
The site sees combined traffic counts exceeding 25,000 VPD. The property currently features a freestanding retail building with a drive-thru pharmacy, providing easy access to I-295 and surrounding high-density residential neighborhoods.
The tenant currently has a lease expiration of May 31st, 2026 and is seeking a short term lease extension through September 31, 2029 with a rental rate of $134,606.70 annually or $13.46 PSF, NNN.
The likely highest and best use is a redevelopment of the existing 10,578 SF as well as additional development of the adjacent excess land with site plan proposals attached to the listing for an idea of what could be developed on the site.
The opportunity for an owner user or developer is here for a limited time.
Location
State ME
County Cumberland
Zoning Limited Business
Interior
Heating Forced Air, Direct Vent Furnace
Cooling Central Air
Flooring Vinyl, Concrete, Carpet
Equipment Internet Access Available
Exterior
Parking Features 21+ Spaces, On Site, Paved
Utilities Available 1
View Y/N No
Roof Type Flat,Membrane
Accessibility Level Entry, Accessible Approach with Ramp
Building
Lot Description Public Transport Access, Near Turnpike/Interstate, Business District, Suburban
Building Description Glass,Brick Veneer,Brick,Block,Masonry,Steel Frame, Loading Docks 1 - 4,Overhead Doors,Sprinkler - Wet
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
Structure Type Glass,Brick Veneer,Brick,Block,Masonry,Steel Frame
Others
Energy Description Gas Natural
