860 Main St - Office/Residential FOR SALE


Sanford, ME 04073
$985,000 USD
207-205-0102
860 Main St, Sanford, ME for Sale
$985,000 USD
Office/Residential - FOR SALE
1/12
null | 7.4% Cap Rate

860 Main St
Sanford, ME 04073


HIGHLIGHTS

  • 2nd Floor consists of 4 leased 2 br 1 ba apartment units
  • 1st Floor consists of 2 - 4 Commercial office units -formerly built as 4 apartements-most full bathrooms still exists
  • Owner recently 2023 occupied 1 office unit (1/2 of 1st floor) sold business 2023

OVERVIEW

Well established insurance agency recently sold their book of business to neighboring agency, and now are moving into a new business venture! Building consists of 2 Commercial and 4 Residential Units! 1st Floor: VACANT-Consists of 2 commercial spaces with a nice glassed entry into a common area seating room. 2nd Floor: LEASED -Consists of  4 Residential Units.  2 BR,  1 BA each. Primarily Oil Heat, (apartments have kit/living room with electric) Roof 2011. Formally the building was configured as 8 apartment units (having 4 residential units on each floor). Investment or Owner user conversion opportunity: 1st floor plumbing and bathrooms are still mostly in place for possible conversion back to full residential or maybe buyer converts 1s Floor with 1 residential and 1 office space. Ample of on site parking for both commercial and residential. Good location, next door to Walgreens pharmacy, and Atlantic Federal CU. Close to many other City amenities. Nice sidewalks, short walk to scenic Number One Pond, Park and Walking Trails. Financials are available upon request. Also visible on: Investcomm Commercial Group Website https://investcomm.com MLS # 1609234

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

UB

APN/PARCEL ID

SANF-000028-K000031

ASK ABOUT THIS PROPERTY

John AndersonInvestcomm Commercial GroupMore Info
207-205-0102

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John AndersonInvestcomm Commercial GroupMore Info
207-205-0102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.