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25512098
25512103

17-23 Roosevelt Trail, Casco, ME 04015 For Sale

ZH
NH 076289, ME BA924588
SVN The Masiello Group Bedford
Listed by SVN The Masiello Group Bedford
$799,000
644 days on market
Updated 3 days ago

Prime Retail for Sale

Details
Property Type Retail, Industrial
Sub Type Storefront, Flex (+1)
Square Footage 8,800
Cap Rate 9.73%
NOI $77,749
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 9.73%
Pro-Forma NOI $77,749
Price per SqFt $91
Year Built 2005
Buildings 2
Acreage 1.840
Zoning Commercial
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.14
Ground Lease No

Prime Retail for Sale

Marketing description

Discover an exceptional investment opportunity with these two free-standing buildings totaling 8,800 square feet in Casco, ME.

One unit (4,800SF) features a long-term medical marijuana tenant, offering a stable and reliable source of income.

The second unit (4,000SF) is available for lease as an investment or for owner occupancy, providing flexibility for the prospective investor/owner, this property is a multifunctional gem, featuring a spacious interior and two drive in doors suited for retail, flex, or industrial use, it offers the perfect canvas for a variety of business needs.

Situated on busy Route 302 with over 11,000 vehicles per day, with excellent frontage and ample parking, the property ensures high visibility and accessibility for maximum exposure.

Don't miss out on this prime opportunity to secure a valuable asset in a lucrative location, with multiple income streams and potential for further growth.

Investment highlights

  • Two free-standing units
  • Over 11,000 VPD (Vehicles Per Day)
  • Long-term tenant in place
  • On-site parking available
  • Prime location for high visibility
  • Stable and reliable income source
  • Investment or owner-occupy option

Listing Contacts

ZH
NH 076289, ME BA924588
SVN The Masiello Group Bedford
Listed by SVN The Masiello Group Bedford

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$77,749.00
$6,479.08/mo

Valuation Metrics

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DSCR
9.73%
Cap Rate
9.73%
ROI

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